Wells Fargo Raises Price Targets on Veeva, Douglas Emmett, Marvell

Wells Fargo has maintained an Overweight rating and raised the price target for Veeva Systems (VEEV) to $326, reflecting strong confidence in the company's market position and financial health. Veeva, a leading provider of cloud-based software solutions for the life sciences industry, has shown robust revenue growth and profitability, with minimal leverage and strong liquidity. Multiple analysts from Keybanc, Mizuho, Citigroup, and Stifel have also upgraded their price targets and affirmed positive ratings on Veeva, underscoring broad market optimism. Additionally, Wells Fargo reiterated an Overweight rating with a $95 price target on Marvell Technology (MRVL), highlighting its strong optics positioning and market share growth potential in custom XPU markets by 2028. Despite bullish views on MRVL, some analysts suggest other AI stocks may offer greater upside with less risk, especially those benefiting from Trump-era tariffs and onshoring trends. These developments indicate a positive outlook for select technology and software stocks amid ongoing market dynamics.