Raymond James upgrades Veeva Systems (NYSE:VEEV) from Market Perform to Outperform with a $180 price target.
Analyst cites the recent pullback and increasing confidence in VEEV’s growth profile durability.
The analyst thinks Veeva can keep generating 20%+ revenue growth and “industry leading operating margins.”
Upcoming catalyst: Veeva will host its Financial Analyst and Investor Day on October 2.
Veeva shares are up 1.7% pre-market to $158.
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