VEEV Stock Recent News
VEEV LATEST HEADLINES
The latest trading day saw Veeva Systems (VEEV) settling at $217.02, representing a -0.14% change from its previous close.
Veeva (VEEV) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
PLEASANTON, Calif. , Oct. 15, 2024 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) will host its investor day virtually on Thursday, November 7, 2024.
Veeva Systems (VEEV) reachead $210.13 at the closing of the latest trading day, reflecting a +1.59% change compared to its last close.
Veeva (VEEV) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Veeva Systems' addition of new capabilities is likely to improve the timeliness and accuracy of field actions to ensure product quality and patient safety.
VEEV's robust product portfolio raises optimism about the stock. However, stiff competition and escalating costs are concerning.
I rate Veeva Systems Inc. as a buy due to the recent 0.5% interest rate cut from the FED, boosting demand from recovering SMB biotech firms. Veeva's Q2 FY2025 results exceeded expectations, with revenue reaching $676 million and subscription revenue hitting $561 million, ensuring stable free cash flow. Improved FY2025 guidance, with revenue and non-GAAP operating earnings projections slightly raised, is positively influencing market sentiment.
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Veeva Systems (VEEV) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, VEEV broke through the 20-day moving average, which suggests a short-term bullish trend.