Added to YB: 2024-06-26
Pitch date: 2024-06-23
VEEV [bullish]
Veeva Systems Inc.
+16.59%
current return
Author Info
Company Info
Veeva Systems Inc. provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.
Market Cap
$29.9B
Pitch Price
$184.68
Price Target
330.00 (+53%)
Dividend
N/A
Sector
Health Care Technology
Category
growth
Veeva Stock: High-Quality Company at a Fair Price
VEEV: Life sciences cloud leader, 80% subscription rev, 72% gross margin. TAM $20B, 12% penetration. Shifting from Salesforce/Adobe to own platform by 2030. 1000+ customers, 50 largest = 2/3 rev. FY25: $2.7B rev (+15%), $1B+ op income. 45% FCF margin. $5B cash, no debt. PBC status. Target $330 by 2030.
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