Canaccord analyst David Hynes raised the firm’s price target on Veeva (VEEV) to $300 from $270 and keeps a Hold rating on the shares. The firm said Veeva reported another upside quarter with subscription and total revenue both growing 17% year-over-year, solidly ahead of consensus. Canaccord believes they missed their opportunity earlier to upgrade the stock but with several other aps names pulling back with valuations now lower, they believe there are better options elsewhere.
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