.August 27, 2024 4:52 PM

Citi analysts raised their price target on Veeva Systems (NYSE:VEEV) from $256 to $273, maintaining a Buy rating ahead of the company’s Q2/25 earnings release. Positive trends in Life Sciences demand and strong pipeline visibility for the second half of the year support the analyst’s outlook. Expectations include a slight beat on billings and revenue, with steady guidance as new CFO Brian Van Wagener settles in. Despite no changes in estimates, the price target adjustment reflects confidence in Veeva’s growth prospects and margin improvement potential.