Veeva Systems Inc Class A

VEEV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$998.00	Yzdj	Qftjyvfby

Veeva: Market Overreacts to Headwinds in Services Segment but the Long-Term Outlook Remains Strong

Keonhee Kim

Nov 10, 2023

Wide-moat Veeva hosted an investor day and discussed certain near-term challenges as well as new product innovation that further bolsters the firm’s wide portfolio of products. After updating our model, we lightly cut our fair value estimate to $267 from $275.

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