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1 Magnificent Growth Stock to Buy With $1,000

TheMotleyFool

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1 Magnificent Growth Stock to Buy With $1,000: https://g.foolcdn.com/editorial/images/789219/physician-shaking-patients-hand.jpg

The cloud computing industry has faced some headwinds in recent years. Demand for cloud-related services took a hit amid economic troubles. Veeva Systems (NYSE: VEEV), a life sciences-focused cloud specialist, didn't escape this ordeal. The company's shares are down by 32% in the past three years.

However, there is much to admire about Veeva's business. Its performance has been improving, and there remain plenty of opportunities ahead for the company. Here's why investing $1,000 in this stock would be a great move.