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

Veeva Systems (VEEV) PT Raised to $340 at BofA Securities

March 3, 2021 6:16 AM EST

BofA Securities analyst Brad Sills raised the price target on Veeva Systems (NYSE: VEEV) to $340.00 (from $310.00) while maintaining a Buy rating.... More

Veeva Systems (VEEV) PT Raised to $336 at Needham & Company

March 3, 2021 6:05 AM EST

Needham & Company analyst Ryan MacDonald raised the price target on Veeva Systems (NYSE: VEEV) to $336.00 (from $327.00) while maintaining a Buy rating.

The analyst commented, "We are reiterating our Buy rating, while increasing our PT to $336 from $327 following the company's strong close to... More

Veeva Systems (VEEV) PT Raised to $340 at Morgan Stanley

March 3, 2021 2:09 AM EST

Morgan Stanley analyst Stan Zlotsky raised the price target on Veeva Systems (NYSE: VEEV) to $340.00 (from $332.00) while maintaining a Overweight rating.... More

Veeva Systems (VEEV) Tops Q4 EPS by 10c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus, 1Q EPS & Revenues Guidance Above Consensus

March 2, 2021 4:10 PM EST

Veeva Systems (NYSE: VEEV) reported Q4 EPS of $0.78, $0.10 better than the analyst estimate of $0.68. Revenue for the quarter came in at $396.8 million versus the consensus estimate of $380.23 million.

Fiscal 2021 Fourth Quarter Results:

Revenues: Total revenues for the fourth quarter were $396.8 million, up from $311.5 million one year ago, an increase of 27% year-over-year. Subscription services revenues for the fourth quarter were $322.8 million, up from $254.1 million one year ago, an increase of 27% year-over-year.Operating Income and Non-GAAP Operating Income(1): Fourth quarter operating income was $98.8 million, compared to $60.4 million one year ago, an increase of 64%... More