Stephens Reiterates Overweight Rating on Veeva Systems (VEEV) Following 4Q

March 3, 2021 6:51 AM EST
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Price: $274.79 +2.21%

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    19 Buy, 7 Hold, 1 Sell

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Stephens analyst Scott Schoenhaus reiterated an Overweight rating and $325.00 price target on Veeva Systems (NYSE: VEEV) following the company's 4Q earnings report. VEEV's calculated billings of $688.0 million came in 7.5% above the Street with revenue of $396.8 mil. also beating the Street estimate by ~4.4%.

In terms of near-term guidance, VEEV expects 1Q billings to be $392 mil. (~2% below the Street); 1Q revenue to be between $408 mil. - $410 mil. (~2% above the Street) and adj EPS between $0.77 and $0.78 (~5% above the Street).

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 $287.30 yesterday.



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