Veeva Systems (VEEV) PT Raised to $68 at TD Cowen

TD Cowen analyst Charles Rhyee raised the price target on Veeva Systems (NYSE: VEEV) to $68.00 (from $62.00) while maintaining a Buy rating.

The analyst comments "For 3Q25, we est ARR to increase 19% y/y (in line w/ St), with 18% y/y growth in NNARR as we view 3Q trends as remaining strong. We leave our FY25 ests unchanged as we await more details around mgmt.'s anticipated revenue synergies from the integration of SlashNext, giving VRNS a foothold in the $5.2B email security market. VRNS remains our SMID pick, and we raise our PT to $68 from $62. Reit Buy."

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