|Bid||166.66 x 220000|
|Ask||168.26 x 220000|
|Day's Range||165.62 - 172.00|
|52 Week Range||165.62 - 172.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Subscribe to Yahoo Finance Plus to view Fair Value for VEE.SG
Needham analyst Ryan MacDonald maintained Veeva Systems Inc (NYSE: VEEV) with a Buy and raised the price target from $205 to $220. The re-rating followed Veeva's solid Q3. VEEV delivered a nice upside to billings, revenue, and EPS. R&D was the driving force, with CTMS delivering its largest bookings quarter. However, the news of the day focused on Veeva's core CRM, as the company announced its intent to end its relationship with Salesforce, Inc (NYSE: CRM) when the contract comes up for renewal
Veeva Systems' (VEEV) fiscal Q3 results reflect impressive performances by both of its segments.
Over the past year, rising interest rates and fears of a global recession drove many investors away from higher-growth tech stocks. Here, I'll highlight three of those recession-resistant plays -- Veeva Systems (NYSE: VEEV), Fortinet (NASDAQ: FTNT), and Airbnb (NASDAQ: ABNB) -- and explain why they're still great buys as the bear market drags on. Veeva Systems is the top provider of cloud-based customer relationship management (CRM) services for life science companies.