Market Overview

UPDATE: Morgan Stanley Upgrades Veeva Systems


On Wednesday, Morgan Stanley upgraded shares of Veeva Systems (NYSE: VEEV) from Equalweight to Overweight and maintained a $40 price target.

Analyst Jennifer Lowe believes Veeva bears “underestimate the potential of products outside of Sales Force Automation (SFA), while SFA still has room to grow.”

Lowe estimates “~⅓rd of pharma sales reps use VEEV today, and sees potential for the company to double that seat count over the next five years given that 2/3rds of the 50 largest pharma companies are already customers.”

Shares of Veeva are up 2.02 percent to $26.82 in Wednesday's trading.

Latest Ratings for VEEV

Nov 2019MaintainsEqual-Weight
Nov 2019MaintainsHold
Nov 2019MaintainsEqual-Weight

View More Analyst Ratings for VEEV
View the Latest Analyst Ratings

Posted-In: Jennifer Lowe Morgan StanleyAnalyst Color Upgrades Price Target Analyst Ratings


Related Articles (VEEV)

View Comments and Join the Discussion!

Latest Ratings

TOLGoldman SachsInitiates Coverage On42.0
KBHGoldman SachsInitiates Coverage On36.0
YEXTSunTrust Robinson HumphreyMaintains28.0
LHCGSunTrust Robinson HumphreyMaintains160.0
DLRSunTrust Robinson HumphreyMaintains140.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Amazon Issues Release Detailing Fire TV

3 Retailers Ready For Spring And Summer