Veeva Systems: Well Positioned To Consolidate Share In The Industry
VEEVVeeva(VEEV) Seeking Alpha·2024-01-25 02:28

Hiraman Summary I am recommending a buy rating for Veeva Systems (NYSE:VEEV). I think the business is well positioned to consolidate market share in an industry that is ripe for technology upgrades. The nature of VEEV solutions also means that they are very sticky and this enables VEEV to easily cross-sell other products to further anchor itself into the customer's workflow processes. As growth and margin recover, I expect the market to re-rate VEEV back to its normalized multiple of 37x forward EBITDA. Bus ...