Veeva price target raised to $242 from $229 at Wells Fargo

Wells Fargo analyst Stan Berenshteyn raised the firm’s price target on Veeva to $242 from $229 and keeps an Overweight rating on the shares. The firm would add to long positions, telling investors in a research note that Veeva’s guidance reflects solid subscription growth for FY25 while EBIT margin is guided to expand 360 basis points year over year.