Canaccord lowered the firm’s price target on Veeva (VEEV) to $280 from $300 and keeps a Hold rating on the shares. The firm said Veeva reported solid FQ3 results, nicely above the range on both the top and bottom line, which when combined with a positive FQ4 outlook, will drive full year F2026 growth estimates higher by about a point to around 15.4% growth.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VEEV:
- Veeva Systems: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Cautious Outlook on Veeva Systems Amidst CRM Market Challenges and Competitive Pressures
- Veeva Systems: Strong Q3 Performance, But Hold Rating Due to Limited Upside and CRM Uncertainty
- Veeva Systems: Strong Market Position and Growth Opportunities Justify Buy Rating
- Veeva Systems: Strong Position and Future Potential Justify Buy Rating Despite CRM Concerns