Analysts rate Veeva Systems Inc. Class A (VEEV:NYE) with a Strong Buy rating and a $240 target

STA Research
by: STA Research
Veeva Systems Inc.

Based on the Veeva Systems stock forecast from 17 analysts, the average analyst Veeva stock price target is USD 240.74 over the next 12 months. Veeva Systems Inc Class A’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of VEEV stock forecast is Slightly Bullish, which is based on 9 positive signals and 4 negative signals. At the last closing, Veeva stock price was USD 199.32Veeva stock price has changed by -14.55% over the past week, -24.26% over the past month and -40.29% over the last year.

About Veeva Systems Inc. Class A (VEEV:NYE):

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, and Veeva Vault,  as well as research and development functions. It also provides professional and support services in the areas of implementation and deployment planning and project management. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.

 

What we like:

High market capitalization:

Veeva Systems stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk-adjusted returns:

Veeva Systems stock has performed well, on a risk adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

Superior return on equity:

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization:

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets:

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow:

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow:

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth:

Veeva Systems stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio:

Veeva Systems stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

 

What we don’t like:

Overpriced compared to earnings:

VEEV stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value:

VEEV stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis:

VEEV stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis:

VEEV stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

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