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VEEVASYSTEMSDRN

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V2EE34 trade ideas

Veeva Systems: One of my favourite stocks right nowI love it when fundamentals and technicals line up together. I am in general very bullish towards cloud-software companies, thats the future, especially when they have a footing in the pharma industry like veeva. This is a huge market and growing strongly year by year. The chart is a textbook bull flag. I am expecting a move into 80$ over the coming months. Longterm over the coming years we can also see prices above 100$. The only reasonable place to put a stop right now is below 50$. So do your own diligence and research, this is just my opinion towards this stock. Fundamental analysis by Morgan Stanley: Veeva Systems Inc VEEV, a cloud-computing company focused on the pharma and life sciences industry, is an underpriced asset within the broader SaaS universe, according to Morgan Stanley. The Analyst Morgan Stanley analyst Stan Zlotsky upgraded Veeva Systems from Equal-weight to Overweight and increased the price target from $69 to $72. The Thesis Veeva Systems has durable growth — fueled by an expanding $17-billion total addressable market — and margin potential that is not being reflected in current trading levels, Zlotsky said in a Tuesday note. A conservative setup into 2019 offers scope for estimates and shares to move up, he said. The company's best-in-class economics are likely to drive longer-term operating margin to 43 percent, representing the highest margin potential in Morgan Stanley's coverage universe, Zlotsky said. "Veeva's above average sales efficiency and a disciplined go-to-market has enabled the company to simultaneously deliver strong revenue growth and greater than 30-percent operating margins today, well above the 18-percent average among more mature SaaS peers," the analyst said. Morgan Stanley estimates 16-percent revenue growth on a CAGR basis to $1.7 billion and a 36-percent operating margin by calendar year 2023, resulting in free cash flow of $593 million. With the 12-percent pullback in Veeva Systems shares since June 2017 compared to a 14-percent gain for the SaaS peer group, Morgan Stanley sees an attractive entry point to rebuild positions in the shares.
NYSE:VEEVLong
by IamJeanPaul
2
VEEV Support LVLI make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens. You can see somethimes i use 2 - 3 levels because i dont know where the market will open. when the market open i see witch levels are still valid if it gaps above or under my level this one cannot used anymore. If price come close to my level i place a limit order. time frame i use are 5-10 min candles if price close right under or below the level with few penny's its of the table ! my risk reward ratio is 2:1 would be good to use trial these are scalp trades in high illiquidity market conditions !
NYSE:VEEVLong
by Boenker
$VEEV Nice set-up.Interesting set-up for $VEEV. Got in this one over a week ago. Slightly under for now... but it's a longer term trade. I am keeping my eyes on it to add some more. There is a fair bit of support in the yellow rectangle area. Red line on top is the recent resistance and the bold one below is the POC (point of control) for the last few months. It's taking a post earning breather after surprising the Street with decent earnings. I will be looking for the stock to get out of the triangle tip towards the X, especially if the price is being supported by the yellow area. Anything can happen but that's where I will be looking to add.
NYSE:VEEVLong
by edumas2
1