Barclays lowered the firm’s price target on Veeva Systems to $213 from $220 and keeps an Overweight rating on the shares. The company reported numbers inline with the investor day ranges, but Q3 calculated billings missed by $10M and the fiscal 2024 guide is going down by $40M, the analyst tells investors in a research note. The firm believes the shares “could become more investable” with the guidance cut out of the way.
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