Stock To Watch: Veeva Systems Inc. (NYSE:VEEV)


The leading market experts have placed a mean price target of $36.80 on Veeva Systems Inc. (NYSE:VEEV) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.14 a share for the upcoming quarter and $0.57 for the current fiscal.

Technical View

The technical analysis of Veeva Systems Inc. Class A Comm plainly substantiates that the 50-day moving average of Veeva Systems Inc. Class A Comm is $36.74, and stock is trading $2.22 points away or +6.04% from its 50-day moving average of $36.74. Further it is trading $9.31 or +31.41% away its 200-day moving average of $29.65. Veeva Systems Inc. (NYSE:VEEV) 52-week high is $39.88 and the 52-week low is $19.97.

This explains if the stock moves $-0.92, it will post a 52-week high. In event of +95.09% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Veeva Systems Inc. Class A Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Veeva Systems Inc. (NYSE:VEEV) ratio came in at 102.53.

The stock last ended the trading session at $38.96 and registered a market cap of $5.25B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Veeva Systems Inc. (NYSE:VEEV) PEG ratio is at 2.81.

1 Chart Pattern Every Investor Should Know

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