Alert: Major Price Decline (11/9/23)-Veeva Systems Inc (NYSE: VEEV).


Veeva Systems Inc (NYSE: VEEV) stock suffered a major decline of -14.2% on 11/9/23. The shares closed at $166.60. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.9% during the last week.


Current PriceTarget Research Rating

VEEV’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Veeva Systems has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Veeva Systems has a poor Appreciation Score of 27 but a very high Power Rating of 89, producing the High Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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