Veeva price target lowered to $212 from $320 at Stifel

Stifel lowered the firm’s price target on Veeva (VEEV) to $212 from $320 and keeps a Buy rating on the shares. The firm, offering its thoughts in front of the Q4 report and FY27 guidance expected on March 4, contends that Q4 consensus for revenue, EPS and margins “all look achievable.”