Veeva Systems Inc Class A

VEEV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$359.00	Ntq	Pnmnkpdbw

Veeva Earnings: Company Unveils Vault CRM and Enters AI Trend With Announcement of CRM Bot

Keonhee Kim

May 31, 2023

Wide-moat Veeva Systems reported first-quarter results that were slightly ahead of our expectations. Total sales were up 4.2% year over year driven from customer wins across its suite of applications. We maintain our fair value estimate of $275 per share.

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