In a 10-K filing last night, Veeva Systems (NYSE:VEEV) revealed that its Salesforce seat growth was up 10% Y/Y, up from the 6% growth in FY19.
Raymond James analyst Brian Peterson says the filing confirms VEEV’s “CRM share lead goes well beyond social distancing.”
Peterson notes that the growth doesn’t include
add-ons, “which could see increased usage with reps likely increasingly
reliant on digital interactions.”
Raymond James maintains an Outperform rating and $180 price target on Veeva. The company has a Bullish average Sell Side rating.
Veeva shares are down 0.8% to $156.75.
https://seekingalpha.com/news/3556783-veeva-bull-praises-salesforce-share-growth
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.