Veeva Systems Inc. (NYSE: VEEV) is a leading supplier of software solutions for the life sciences industry.

As per our previous report on VEEV as on 15^th  January 2025, a ‘Buy’ recommendation was given on the stock at USD 210.86, and noted below are the details of support and resistance provided in our previous report:

Recommendation Summary as on 15^th January 2025  

VEEV’s Daily Chart

VEEV Daily Technical Chart, Data Source: REFINITIV 

Considering the current trading levels as well as risks associated, it is prudent to exit the stock at the current levels.

Hence, a ‘Sell’ rating has been provided on the stock at the current price of USD 232.24 per share as on January 28, 2025

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.