JPMorgan Chase & Co. Boosts Veeva Systems Price Target to $32.00 (VEEV)
Research analysts at JPMorgan Chase & Co. upped their target price on shares of Veeva Systems (NASDAQ:VEEV) from $27.00 to $32.00 in a report released on Friday. JPMorgan Chase & Co.’s target price indicates a potential upside of 28.21% from the company’s current price.
Shares of Veeva Systems (NASDAQ:VEEV) opened at 27.6532 on Friday. Veeva Systems has a 52 week low of $17.11 and a 52 week high of $49.00. The stock’s 50-day moving average is $23.56 and its 200-day moving average is $25.01. The company has a market cap of $3.534 billion and a price-to-earnings ratio of 149.46.
Veeva Systems (NASDAQ:VEEV) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.02. The company had revenue of $75.70 million for the quarter, compared to the consensus estimate of $69.28 million. Veeva Systems’s revenue was up 52.6% compared to the same quarter last year. Analysts expect that Veeva Systems will post $0.27 EPS for the current fiscal year.
In other Veeva Systems news, major shareholder Maja Kristin sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $22.30, for a total transaction of $557,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
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