Professional
Added to YB: 2024-02-16
Pitch date: 2024-02-15
VEEV [bullish]
Veeva Systems Inc.
-28.9%
current return
Author Info
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Company Info
Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.
Market Cap
$25.4B
Pitch Price
$222.60
Price Target
235.00 (+48%)
Dividend
N/A
EV/EBITDA
18.93
P/E
28.63
EV/Sales
5.94
Sector
Health Care Technology
Category
growth
Veeva Systems Potential in 2024
VEEV $235 PT for 2024 catch-up trade; historically low EV/FCF w/ $3.9B cash for M&A/buybacks. Bulls: biotech tailwinds, easy targets, R&D deals, data biz potential. Risks: CRM competition, IRA pressure, growth slowdown. Baird: only 25% large customer penetration, Vault anchors 25%+ R&D CAGR, CRM add-ons can 2x market, $1B+ QualityOne opp. Mid-high-30% op margin stagnation expected.
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