Barclays raised the firm’s price target on Veeva to $220 from $213 and keeps an Overweight rating on the shares. The firm presented its 2024 outlook for the security, design, and vertical-specific software spaces, saying that with potential for an economic “soft landing,” stocks with cyclical businesses could see positive revisions and expanding multiples. New SEC disclosure requirements could support security spending in 2024, although spending could still gravitate towards platforms, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on VEEV:
- Veeva price target raised to $220 from $200 at Piper Sandler
- Veeva price target lowered to $183 from $186 at TD Cowen
- Veeva price target lowered to $185 from $210 at Canaccord
- Veeva price target lowered to $213 from $220 at Barclays
- Veeva backs FY25 revenue view of ‘at least’ $2.75B, consensus $2.74B