Veeva Systems Stock: Bear vs. Bull
Bulls and bears have been locked in a duel over Veeva Sytems (NYSE: VEEV) stock over the past several years. The bulls dominated for a while after the stock hit an all-time low of $17 per share in 2014. It surged to a peak of about $344 in August 2021 driven partly by pandemic-fueled healthcare spending and interest in tech and healthcare stocks.
But the bears have been in control lately and the stock has fallen to $180 as of this writing. Let's look at the case from both sides.
Veeva bulls point to the company's rampant growth over the past several years. The company reported $129.5 million in revenue in fiscal 2013, which ended in January 2013. Since then, revenue has seen a compound annual growth rate of 34%, to reach $1.85 billion in the fiscal year that ended in January 2022.
Source Fool.com
