AllAnalyst Report
logoMorningstarMay 05, 2021

Veeva Systems Inc.: Wide Moat Veeva Provides Ample Growth Opportunity, Buoyed by Vault; Raising FVE to $300

Symbols
VEEV
Sector(s)
Healthcare
Rating
Current Price
$332.75
Fair Value
Economic Moat
Stewardship
Summary

Veeva is a leading supplier of software solutions for the life sciences industry. The company’s best-of-breed offering addresses operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise and cloud-based platform to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning, or ERP, systems that have limited flexibility. As the vertical leader, Veeva innovates, increases wallet share at existing customers, and expands into other industries with similar regulations, protocols, and procedures, such as consumer goods, chemicals, and cosmetics.

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