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Veeva Systems (VEEV) Tops Q3 EPS by 6c; Issues Strong 4, FY17 Guidance

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Stifel Raises Price Target on Veeva Systems (VEEV) Following Strong 3Q

November 23, 2016 10:04 AM EST

Stifel reiterated a Buy rating on Veeva Systems (NYSE: VEEV), and raised the price target to $48.00 (from $45.00), following the company's 3Q earnings report. Total revenue grew 34% y/y to $142.8mn, beating consensus of $134.6mn. Non-GAAP EPS of $0.22 came in well ahead of consensus of $0.16, as... More