Piper Sandler lowered the firm’s price target on Veeva (VEEV) to $285 from $355 and keeps an Overweight rating on the shares. The firm notes that solid Q4 results coupled with an encouraging FY27 guide drove an 11%-plus after-hours rally in the shares. Veeva continues to be one of the more defensible, high quality software names amid AI disruption concerns, in Piper’s view, and it remains a high conviction idea poised to sustain Rule of 50 status for the foreseeable future.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VEEV:
- Veeva price target raised to $215 from $205 at Morgan Stanley
- Veeva price target raised to $220 from $200 at UBS
- Veeva price target raised to $245 from $212 at Stifel
- Veeva price target raised to $235 from $200 at Canaccord
- Strong Near-Term Execution but Uncertain Long-Term Growth Drivers Justify Hold on Veeva