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VEEV

Veeva

$98.17

-6.24 (-5.98%)

21:02
10/04/18
10/04
21:02
10/04/18
21:02

Veeva TAM expanded again but valuation is fair, says JPMorgan

JPMorgan analyst Sterling Auty kept his Neutral rating and $95 price target on Veeva after its Analyst Day presentation. The analyst states that the management has increased its total addressable market estimate to over $9B from $8B indicated in last year's analyst day while also boosting its operating margin projections and outlining a roadmap for more products. Auty noted however that Veeva's current multiple presents limited room for upside.

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VEEV Veeva
$98.17

-6.24 (-5.98%)

08/24/18
DADA
08/24/18
NO CHANGE
Target $105
DADA
Buy
Veeva price target raised to $105 from $88 at DA Davidson
DA Davidson analyst Rishi Jaluria raised his price target on Veeva to $105 and kept his Buy rating after its "strong beat and raise" quarter. Jaluria states that while the stock was down slightly in the aftermarket, it was up 58% year-to-date ahead of earnings, and also points to a slight miss in deferred revenues in spite of higher than expected billings. The analyst still notes Veeva's impressive momentum with emerging products and successful investment in its core CRM product, adding that the company has received "great feedback" from its rollout of Veeva Sunrise.
08/24/18
NEED
08/24/18
NO CHANGE
Target $100
NEED
Buy
Veeva price target raised to $100 from $90 at Needham
Needham analyst Scott Berg raised his price target on Veeva to $100 and kept his Buy rating after its "very strong" Q2 results, citing upside in its revenue and higher than expected billings. The analyst cites "sales traction" in several newer products that helped the company extend its subscription revenue growth. Berg also contends that Veeva's "best in class" profitability shifted into a higher gear, adding that its operating margins should be sustainable with the benefits of its data center transition to AWS.
09/25/18
RBCM
09/25/18
NO CHANGE
Target $91
RBCM
Outperform
Medidata price target lowered to $91 from $98 at RBC Capital
RBC Capital analyst George Hill lowered his price target on Medidata (MDSO) to $91, saying his revenue projections are now slightly lower than previously based on the increasing competition in ancillary services. The analyst cites Veeva's (VEEV) recent announcement of a consolidated CDMS solution, IQVIA's (IQV) expansion of its partnership with Salesforce to grow its offerings in clinical technology solutions, and LabCorp's (LH) Covance unit launching a new technology suite earlier this year. Hill contends that while Medidata still has the lead in market share and product development for the clinical trial IT market, keeping an Outperform rating on the stock in the long run, he also warns that the product announcements from competitors could lengthen the company's sales cycle.
10/01/18
ADAM
10/01/18
DOWNGRADE
Target $105
ADAM
Hold
Veeva downgraded to Hold from Buy at Canaccord
Canaccord analyst David Hynes Jr. downgraded Veeva Systems to Hold from Buy, telling investors in a research note that he is stepping to the sidelines "for a bit." The analyst says his downgrade is about valuation, and notes that he has "zero qualms" about Veeva's opportunity, execution or management team. Most likely, the analyst says Veeva will probably "grind along sideways" for a period of time while the underlying business and metrics catch up with the stock's valuation and raised his price target to $105 from $98.

TODAY'S FREE FLY STORIES

TLND

Talend

$39.24

0.12 (0.31%)

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BA

Boeing

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14.44 (4.25%)

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DB

Deutsche Bank

$7.17

0.155 (2.21%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$292.36

-0.04 (-0.01%)

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$0.00

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SPDR S&P 500 ETF Trust

$292.36

-0.04 (-0.01%)

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GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

, GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

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$1,188.53

-2.26 (-0.19%)

GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

FB

Facebook

$182.08

-1.48 (-0.81%)

TWTR

Twitter

$42.17

-0.63 (-1.47%)

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NUAN

Nuance

$17.31

-0.14 (-0.80%)

18:24
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Syndicate
Nuance files Form 10 registration statement for planned spin-off of Cerence »

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CRM

Salesforce

$148.26

0.86 (0.58%)

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Salesforce co-CEO: We had a very strong second quarter »

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RVLT

Revolution Lighting

$0.34

-0.0124 (-3.57%)

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Revolution Lighting discloses additional delisting determination from Nasdaq »

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IBKC

Iberiabank

$70.16

-0.38 (-0.54%)

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Iberiabank CEO Daryl Byrd sells over $840K in company shares »

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RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

, ORCL

Oracle

$53.18

-0.08 (-0.15%)

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San Fang Chemical switches to Rimini Street support for Oracle EBS »

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RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

ORCL

Oracle

$53.18

-0.08 (-0.15%)

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CRM

Salesforce

$148.26

0.86 (0.58%)

18:01
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AAC

AAC Holdings

$0.60

-0.0327 (-5.17%)

17:57
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AAC Holdings discloses NYSE listing notice »

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17:32
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General news
Fed Balance Sheet Level data reported »

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:30
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HP Inc. says notebooks accounted for 39% of revenue in Q3 »

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General news
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TRPX

Therapix Biosciences

$2.35

(0.00%)

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GLD

SPDR Gold Shares

$141.38

-0.36 (-0.25%)

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VMW

VMware

$148.15

0.11 (0.07%)

17:19
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Earnings
VMware sees Q3 adjusted EPS $1.42, consensus $1.57 »

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CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

, CBLK

Carbon Black

$24.52

1.77 (7.78%)

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CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

CBLK

Carbon Black

$24.52

1.77 (7.78%)

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  • 05

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

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HP Inc. says CEO Dion Weisler will step down to deal with family health matter »

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NP

Neenah Paper

$66.14

-0.455 (-0.68%)

17:05
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Neenah Paper CFO sells 7.8K shares of common stock »

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

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NKE

Nike

$83.27

0.46 (0.56%)

17:03
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Periodicals
Michael Avenatti plans subpoenas to prove Nike claims, Bloomberg says »

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

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  • 22

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SYY

Sysco

$73.32

1.06 (1.47%)

16:56
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