Veeva price target raised to $270 from $245 at Scotiabank

Scotiabank raised the firm’s price target on Veeva (VEEV) to $270 from $245 and keeps a Sector Perform rating on the shares. The company delivered strong Q1 results, with the company noting this was the “best Q1 VEEV has ever had,” the analyst tells investors. While the firm was constructive heading into the print, Scotiabank now believes the opportunity ahead is already priced in.