Veeva price target raised to $307 from $281 at Citi

Citi analyst Tyler Radke raised the firm’s price target on Veeva (VEEV) to $307 from $281 and keeps a Buy rating on the shares. The company reported a “modest but clean beat/raise” quarter with signs of increasing momentum for flagship product Vault CRM, the analyst tells investors in a research note. The firm says management reiterated confidence in the momentum of the business and noted no changes to the macro environment.