Piper Sandler raised the firm’s price target on Veeva (VEEV) to $355 from $325 and keeps an Overweight rating on the shares. The $42M full-year guide-up after reporting another strong quarter punctuated by a $22M beat suggests that visibility continues to improve into the second half of the year driven by robust new contract and renewal activity, the firm says.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $341 from $326 at Wells Fargo
- Veeva Systems: Buy Rating Affirmed Amid Strong Q2 Performance and Promising Growth Opportunities
- Veeva Systems Reports Strong Q2 Earnings Growth
- Veeva Systems: Hold Rating Amid Mixed Financial Results and Cautious Outlook
- Closing Bell Movers: Nvidia slips 3% despite slight beat on earnings
