Stephens Reiterates Overweight Rating on Veeva Systems (VEEV) Following 3Q Earnings Report

November 27, 2019 7:13 AM EST
Get Alerts VEEV Hot Sheet
Price: $328.38 -1.41%

Rating Summary:
    20 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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Stephens analyst James Rutherford reiterated an Overweight rating and $185.00 price target on Veeva Systems (NYSE: VEEV) following the company's 3Q earnings report. For F3Q. Veeva reported a revenue beat ($280.9 mil. vs. consensus of $275 mil.) and an adj. EPS beat (60c vs. consensus of 54c).

F4Q. Guidance was issued at $296 mil. - $299 mil. vs. pre-quarter consensus of $281 mil. and adj. EBIT was issued at $100 mil. - $101 mil. vs. pre-quarter consensus of $102 mil. Revenues were guided $16.5 mil. above consensus, which is more than the $13 mil. - $15 mil. expected from acquisitions.

For an analyst ratings summary and ratings history on Veeva Systems click here. For more ratings news on Veeva Systems click here.

Shares of Veeva Systems closed at $159.23 yesterday.

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