BTIG analyst David Larsen raised the firm’s price target on Veeva (VEEV) to $335 from $280 and keeps a Buy rating on the shares after its Q1 earnings beat and guidance raise. Heading into the quarter, the firm was worried about a slowdown in sales given the risk of pharma tariffs, government agency changes, drug pricing reform efforts, the Inflation Reduction Act, global conflicts, and other macro worries, but Veeva is not seeing any slowdown, growth in both Commercial and R&D were excellent, and BTIG remains positive on the company capturing more market share, the analyst tells investors in a research note.
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