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

March 3, 2021 6:51 AM EST
Get Alerts VEEV Hot Sheet
Price: $274.79 +2.21%

Rating Summary:
    19 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 24 | New: 32
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities