Veeva Systems (VEEV) Analyst Day Preview - Needham

Needham & Company analyst Scott Berg reiterated a Buy rating and $187 price target on Veeva Systems (NYSE: VEEV) ahead of its Analyst Day on Wednesday, October 2nd. The analyst is looking for 3 things at the upcoming event:

• the product portfolio is growing and the analyst anticipates greater disclosure around which products are drivers past $1B in total revenue, this could lead to an update to long term growth rates
• the recent Crossix acquisition is likely to be discussed along with the company's overall analytics strategy
• progress with CDMS/EDC and an update including KPIs and customer success stories

The analyst stated "We remain buyers of shares entering the Analyst Day given we anticipate positive product and financial target updates".

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 $153.00 yesterday.

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