Truist raised the firm’s price target on Veeva (VEEV) to $217 from $210 and keeps a Hold rating on the shares. The company reported Q4 results ahead of consensus and added 20 new Vault CRM customers in the quarter, where most are small companies selecting their first CRM system, the analyst tells investors in a research note. Truist adds that given shares were pricing in for a stable print, the better than expected results are likely to be “perceived favorably”.
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