Good MorningEquity markets started the week on a positive footing, with the S&P 500 hovering near break-even for the session. The move shows continued support at a critical level following the previous week's sell-off and indicates a high likelihood that new highs will be set soon. The question is how soon a new high will be set, and it could be before the New Year. The holiday season typically brings a year-end rally, and there are reasons to buy this year. Among them are fundamentally strong economic conditions and an outlook for accelerating earnings growth in 2025.
The first big hurdle for the market in 2025 will come in the second week of the new trading year. The monthly labor data, including the NFP report, are due and may not show the same robust conditions the market has come to expect. The latest jobless claims figures showed an alarming spike in total claims, which may indicate a negative shift in the employment market. Featured: 2025 AI Stock Picks: 2 Hidden Gems Under $10/Share (Darwin) 
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If you are looking for the next two tech winners, stocks with triple-digit upside potential that may be unlocked in 2025, look no further than SoundHound (NASDAQ: SOUN) and AppLovin (NASDAQ: APP). These companies are monetizing AI today, establishing industry-leading technology, and improving thei... Read the Full Story |
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Stocks | | | Technology stocks led a broad rally on Wall Street Tuesday during a holiday-shortened trading session ahead of Christmas.The S&P 500 rose 1.1% for its third-straight gain. The Dow Jones Industrial Average added 0.9%, and the tech-heavy Nasdaq composite climbed 1.3%. While Big Tech companies, inc... Read the Full Story |
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Digital sports betting and iGaming app provider DraftKings Inc. (NASDAQ: DKNG) has been in hypergrowth mode through 2024 but continues to lose money and even issued downside guidance for 2024. The company, along with competitor FanDuel, owned by Flutter Entertainment plc (NYSE: FLUT), faces... Read the Full Story |
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Cybersecurity is a broad industry in the computer and technology sector that is comprised of many types of firms targeting different aspects of online protection. Just as home security can encompass surveillance cameras and alarm systems to panic rooms and fireproof safes, cybersecurity can e... Read the Full Story |
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FedEx (NYSE: FDX) shares surged following the fiscal Q2 2025 earnings report because of its daring plan to unlock value. After careful review, the board has decided to spin off the freight business, which is struggling and offsetting strength in the core FedEx Express operations.
The plan is to... Read the Full Story |
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Markets | | | The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages.The Texas company has faced increasing competition from retailers like Target and Walmart at the same tim... Read the Full Story |
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Markets | | | Mysterious drone sightings in New Jersey, New York, and along the Northeast have garnered worldwide media attention and speculation. While it's easy to lump them all into one category, there are vast differences between the types of sightings. There have been reports ranging from bright coloring cha... Read the Full Story |
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Markets | | | A recent survey shows small business owners are feeling more optimistic about the economy following the election.The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021.The Uncertainty Index decli... Read the Full Story |
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Markets | | | President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally Read the Full Story |
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Markets | | | The economic and technological rivalry between the United States and China has come to the drone market, where Chinese-made flying devices are a dominant player.Lawmakers in Washington are seeking to ban new sales of drones from two dominant Chinese manufacturers, arguing they could be used to spy o... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Veeva Systems Inc. provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States. The company also provides Veeva Development Cloud, a suite of applications for the clinical, regulatory, quality, and safety functions, including Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Safety, and Veeva Vault Quality; Veeva QualityOne, a quality and document management, and training solution; Veeva RegulatoryOne, a solution that helps companies to manage regulatory submission content; and Veeva Claims addresses the end-to-end product and marketing claims management process. In addition, it offers professional and support services, including implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; data migration and systems integrations technical consulting services; training on its solutions; and ongoing managed services, such as outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California. | Should I Buy Veeva Systems Stock? VEEV Pros and Cons Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Veeva Systems was last updated on Wednesday, December 18, 2024 at 12:00 AM.
Pros-
Veeva Systems Inc. has received multiple upgrades from analysts recently, with target prices raised by firms like Bank of America and Robert W. Baird, indicating strong market confidence in the company's growth potential.
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The stock is currently trading at $229.27, which is below the consensus target price of $255.35, suggesting potential for price appreciation as the market corrects.
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With a market capitalization of approximately $37.13 billion, Veeva Systems Inc. is well-positioned in the life sciences sector, providing cloud-based software solutions that are increasingly in demand.
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The company has a strong consensus rating of "Moderate Buy," with 18 analysts recommending a buy, which reflects positive sentiment among market experts.
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Veeva Systems Inc. has demonstrated resilience with a 1-year high of $258.93, showcasing its ability to maintain value in a fluctuating market.
Cons-
The stock has experienced insider selling, with significant shares sold by executives, which may indicate a lack of confidence in the stock's short-term performance.
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Veeva Systems Inc. has a relatively high P/E ratio of 57.40, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
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Despite the positive ratings, one analyst has issued a sell rating, highlighting potential risks that could affect the stock's performance.
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The stock's recent trading volume of 203,985 shares is significantly lower than its average volume of 980,485, indicating reduced investor interest and potential volatility.
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With a beta of 0.82, the stock is less volatile than the market, which may limit potential gains during bullish market conditions.
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