Veeva Systems Inc. (NYSE:VEEV) shares are surging on Thursday after the company reported upbeat earnings and guidance. Subsequently, several analysts boosted the price targets for the company.
The company reported second-quarter adjusted EPS of $2.35, surpassing the consensus estimate of $2.22 and revenue of $927.96 million, exceeding the Street estimate of $905.28 million. The company said the quarter was its strongest CRM (customer relationship management) quarter ever.
Veeva Systems raised its fiscal 2027 adjusted EPS guidance from $9.05 to $9.21, versus the $9.06 analyst estimate, and raised its revenue outlook to between $3.682 billion and $3.687 billion, versus the $3.65 billion estimate.
• Veeva Systems shares are climbing with conviction. What’s behind VEEV gains?
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