Veeva Systems Inc [VEEV] stock is trading at $236.52, down -0.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The VEEV shares have gain 11.23% over the last week, with a monthly amount glided 12.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Veeva Systems Inc [NYSE: VEEV] stock has seen the most recent analyst activity on October 08, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $286. Previously, Citigroup reaffirmed its Buy rating on August 27, 2024, and elevated its price target to $273. On July 09, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $240 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $229 on October 25, 2023. Jefferies initiated its recommendation with a Buy and recommended $265 as its price target on October 13, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on June 28, 2023, but kept the price target unchanged to $181. In a note dated June 01, 2023, Guggenheim upgraded an Buy rating on this stock but restated the target price of $226.
Veeva Systems Inc [VEEV] stock has fluctuated between $162.85 and $240.68 over the past year. Currently, Wall Street analysts expect the stock to reach $229.71 within the next 12 months. Veeva Systems Inc [NYSE: VEEV] shares were valued at $236.52 at the most recent close of the market. An investor can expect a potential drop of -2.88% based on the average VEEV price forecast.
Analyzing the VEEV fundamentals
Veeva Systems Inc [NYSE:VEEV] reported sales of 2.57B for the trailing twelve months, which represents a growth of 14.56%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.13 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 233.52 points at the first support level, and at 230.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 238.79, and for the 2nd resistance point, it is at 241.05.
Ratios To Look Out For
For context, Veeva Systems Inc’s Current Ratio is 5.01. On the other hand, the Quick Ratio is 5.01, and the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 14.88, the price to book ratio is 7.38 and price to earnings (TTM) ratio is 63.13.
Transactions by insiders
Recent insider trading involved Schwenger Thomas D., Pres. & Chief Customer Officer, that happened on Nov 08 ’24 when 1126.0 shares were sold. Director, Schwenger Thomas D. completed a deal on Nov 08 ’24 to buy 1126.0 shares. Meanwhile, SVP, Gen. Counsel, Secretary Faddis Jonathan sold 2353.0 shares on Aug 21 ’24.
