Professional
Added to YB: 2024-06-07
Pitch date: 2024-05-31
VEEV [bullish]
Veeva Systems Inc.
+3.69%
current return
Author Info
No bio for this author
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
$29.8B
Pitch Price
$176.08
Price Target
270.00 (+48%)
Dividend
N/A
EV/EBITDA
24.57
P/E
35.33
EV/Sales
7.55
Sector
Health Care Technology
Category
growth
Veeva Systems Inc.: Service Challenges and Guidance Cut Spook Investors, but We Remain Bullish
VEEV: Strong Q1 despite services challenge. FY sales guidance cut on services demand & FX, but overreaction. Vault CRM launched w/ 5 SMB wins. Sees tougher services next Q. Pressures from AI spending prioritization. Bullish LT: expanding portfolio, new verticals. Wide moat on high retention & switching costs. $270 FVE on market share gains offsetting near-term headwinds. High uncertainty rating. Exemplary capital allocation: sound balance sheet, exceptional investments, appropriate distributions.
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