BMO Capital analyst Sean Dodge initiated coverage of Veeva (VEEV) with a Market Perform rating and $300 price target The combination of expanding solution suites, nascent adoption of newer products and a wide/durable competitive moat should comfortably sustain 12%-13% revenue and 14%-15% EBITDA growth for the next 3+ years, the analyst tells investors in a research note, adding that the firm believes further multiple expansion appears limited.
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