Professional
Added to YB: 2024-04-25
Pitch date: 2024-04-08
VEEV [bullish]
Veeva Systems Inc.
-14.65%
current return
Author Info
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Company Info
Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.
Market Cap
$29.8B
Pitch Price
$213.90
Price Target
250.00 (+37%)
Dividend
N/A
EV/EBITDA
24.57
P/E
35.33
EV/Sales
7.55
Sector
Health Care Technology
Category
growth
RBC Capital Markets Investment Thesis: Veeva Systems Inc.
VEEV: Bullish on market leadership, sustainable moat & $1.6M avg rev/customer. 20%+ sub growth via CDMS, Data Cloud & Vault OLS TAM expansion. Best-in-class financials: 20%+ org sub growth, 40% FCF margins. Life sci market defensive, profitable & digital. $250 PT for 34x CY24 FCF. Risks: customer concentration, intl exposure, CRM reliance.
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