Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Veeva Systems Inc (NYSE: VEEV) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 3/18/24, Veeva Systems Inc (NYSE: VEEV) stock rose modestly by 0.6%, closing at $228.43. Trading volume in this advance was normal. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, VEEV is expected to continue to be an important Value Builder.
Veeva Systems has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. 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 29 but a good Power Rating of 70, producing the Neutral Value Trend Rating.
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