Veeva Systems Inc (NYSE: VEEV) stock suffered a major decline of -10.3% on 5/31/24. The shares closed at $174.25. Moreover, this decline was accompanied by exceptionally high trading volume at 514% of normal. The stock has performed in line with the market over the last nine months and has declined -15.3% during the last week.
Current PriceTarget Research Rating
VEEV is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Veeva Systems has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Veeva Systems has a neutral Appreciation Score of 42 and a neutral Power Rating of 58, triggering the 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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