Fly News Breaks for February 20, 2020
Feb 20, 2020 | 08:55 EDT
Morgan Stanley analyst Stan Zlotsky said investor concerns that Veeva's (VEEV) large market share and competitive moat in its commercial cloud business could be under pressure from Iqvia (IQV) appear overblown, as his checks have been positive on the competitive advantage Veeva still enjoys. The analyst, who views Veeva's recent ramp in hiring as a sign of the opportunity pipeline management sees heading into FY21, thinks the company is set up for a "clean" beat and raise quarterly report. He maintains an Overweight rating with a $175 price target on Veeva shares ahead of the company's report on March 3.
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