Leerink Partners analyst Stephanie Davis maintained a Hold rating on Veeva Systems (NYSE:VEEV) on Friday, setting a price target of $167, which is approximately 13.02% below the present share price of $191.99.
Davis expects Veeva Systems to post earnings per share (EPS) of $0.44 for the second quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Veeva Systems, with an average price target of $204.15.
The analysts price targets range from a high of $235 to a low of $164.
In its latest earnings report, released on 01/31/2020, the company reported a quarterly revenue of $311.51 million and a net profit of $60.39 million. The company's market cap is $28.8 billion.
According to TipRanks.com, Leerink Partners analyst Stephanie Davis is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.1% and a 61.02% success rate.
Veeva Systems, Inc. engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance. The firm's customer relationship management solutions enable its customers to increase the productivity and compliance of their sales and marketing functions. Its regulated content management and collaboration solutions enable its customers to more efficiently manage a regulated, content-centric processes across the enterprise. The company's customer master solution enables customers to more effectively manage complex healthcare provider and healthcare organization data. The company was founded by Mark Armenante, Peter P. Gassner, Doug Ostler, Mitch Wallace and Matthew J. Wallach on January 12, 2007 and is headquartered in Pleasanton, CA.