Guggenheim analyst Kenneth Wong maintained a Buy rating on Veeva Systems (NYSE:VEEV) on Wednesday, setting a price target of $350, which is approximately 40.29% above the present share price of $249.49.
Wong expects Veeva Systems to post earnings per share (EPS) of $0.71 for the fourth quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Veeva Systems, with an average price target of $324.45.
The analysts price targets range from a high of $400 to a low of $282.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $455.59 million and a net profit of $124.62 million. The company's market cap is $38.28 billion.
According to TipRanks.com, Guggenheim analyst Kenneth Wong is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.8% and a 63.64% success rate.
Founded in 2007 and headquartered in California, Veeva Systems, Inc. is a leader in cloud-based software for the global life sciences industry. Its solutions are focused on pharmaceutical and life sciences industry applications.