Needham analyst Ryan MacDonald reiterated a Buy rating on Veeva Systems (NYSE:VEEV) on Friday, setting a price target of $385, which is approximately 22.51% above the present share price of $314.26.
MacDonald expects Veeva Systems to post earnings per share (EPS) of $0.71 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Veeva Systems, with an average price target of $348.44.
The analysts price targets range from a high of $400 to a low of $296.
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 $48.21 billion.
According to TipRanks.com, Needham analyst Ryan MacDonald is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 37.2% and a 68.70% 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.