Veeva price target lowered to $210 from $250 at Stifel

Stifel lowered the firm’s price target on Veeva to $210 from $250 and keeps a Buy rating on the shares. Q1 revenue and EPS were above guidance, but FY25 revenue growth guidance was lowered modestly to 10%-11% from 12%, primarily to reflect lower services revenue, the analyst tells investors. Using the after-hours price near $177 feels like “a reasonable entry-point for those with a longer-term horizon,” the analyst added.