We Rate Veeva Systems At Buy With A Long-Term Price Target Of $410

Sep. 29, 2021 8:00 AM ETVeeva Systems Inc. (VEEV) StockVEEV16 Comments

Summary

  • Veeva Systems is a vertical market, industry-specific software business focused on life sciences.
  • The company delivers solid growth year after year, with high cashflow margins and a very safe balance sheet.
  • The business model is nonvolatile and compared to other cloud software names, the stock too is nonvolatile.
  • We believe the stock is a compelling Buy and have a long-term price target of $410.
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This article was written by

Cestrian Capital Research, Inc. is an independent, SEC-regulated investment research business led by CEO Alex King. Alex is a professional investor with 3 decades of experience. Cestrian specializes in covering growth stocks, index ETFs and index options, long-run investing, swing trading and risk management via hedging.

Alex runs the investing group Growth Investor Pro. Features of the full service include: A weekly webinar, real-time trade alerts in covered stocks or ETFs, a vibrant and welcome community chatroom, access to all covered stock ratings and charts, as well as access to Alex and his team for questions. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of VEEV, TQQQ either through stock ownership, options, or other derivatives.

Business relationship disclosure:See disclaimer text at the top of this article.


Cestrian Capital Research, Inc staff personal accounts hold long positions in VEEV and TQQQ.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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