Do analysts agree Friday on the target price for Veeva Systems Inc (VEEV) stock?
Analysts who follow Veeva Systems Inc (VEEV) on average expect it to climb 63.83% over the next twelve months. These same analysts give the stock an average buy rating. This average rating earns VEEV an analyst rating of 30, meaning it ranks above 30 of stocks, based on data compiled by InvestorsObserver.
Why are analyst ratings important?
While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than with the typical buy/sell/hold ranking.
What’s going on with Veeva Systems Inc stock today?
Veeva Systems Inc (VEEV) stock is trading at $171.28 at 12:52 p.m. on Friday, May 27, a gain of $5.55, or 3.35% from the previous closing price of 165.73 $. The stock has traded between $167.44 and $172.41 so far today. Today, the volume is below average. So far, 423,954 shares have been traded with an average volume of 1,027,417 shares. Click here for the full stock report for Veeva Systems Inc. stock.
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