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Fly News Breaks for February 20, 2019
VEEV
Feb 20, 2019 | 07:28 EDT
Barclays analyst Saket Kalia started Veeva Systems with an Equal Weight rating and $130 price target. The analyst thinks Veeva can grow subscription revenue at 20%-plus through fiscal 2021 with upside to margins and long-term terminal value. However, he believes this is priced into the shares at current levels, which keeps him on the sidelines.
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