Veeva Systems (VEEV) is a Top-Ranked Growth Stock: Should You Buy?

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, research reports, and stock screens [1] Zacks Style Scores - Zacks Style Scores are indicators that help investors select stocks likely to outperform the market in the next 30 days, rated from A to F based on value, growth, and momentum characteristics [2] - The Value Score identifies undervalued stocks using ratios like P/E, PEG, and Price/Sales to find attractive investment opportunities [3] - The Growth Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow for sustainable growth [4] - The Momentum Score helps investors capitalize on price trends, using factors like one-week price changes and monthly earnings estimate changes [5] - The VGM Score combines the three Style Scores to identify stocks with the best value, growth forecasts, and momentum, serving as a strong indicator alongside the Zacks Rank [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +23.81% since 1988, significantly outperforming the S&P 500 [7][8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize returns, while stocks with a 3 (Hold) rank should also have favorable Style Scores for potential upside [9] Company Spotlight: Veeva Systems - Veeva Systems Inc. specializes in cloud-based software applications and data solutions for the life sciences sector, offering products like Veeva CRM and Veeva Vault [11] - VEEV holds a 3 (Hold) Zacks Rank with a VGM Score of A and a Growth Style Score of B, indicating a projected year-over-year earnings growth of 19.9% for the current fiscal year [12] - The company has seen upward revisions in earnings estimates, with the Zacks Consensus Estimate increasing by $0.13 to $7.91 per share, and an average earnings surprise of +8.2% [12][13]