Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Veeva Systems Inc Class A / Equity Bottom-Up

<ul><li>Veeva Systems managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, with a total revenue of $590 million and a non-GAAP operating income of $212 million.</li><li>The Veeva team has made some truly impressive accomplishments as they develop the next generation of CRM.</li><li>Nearly 25% of their revenue comes from Veeva CRM and their add-ons.</li></ul>

Veeva Systems managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, with a total revenue of $590 million and a non-GAAP operating income of $212 million.The Veeva team has made some truly impressive accomplishments as they develop the next generation of CRM.Nearly 25% of their revenue comes from Veeva CRM and their add-ons.

Veeva Systems Inc.: An Insider Peek Into Their Financial Operations! - Major Drivers

<ul><li>Veeva Systems managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>In Commercials, the development of Vault CRM progressed and an impressive demo was showcased at the Commercial Summit, generating significant excitement.</li><li>We give Veeva Systems Inc. a 'Hold' rating with a revised target price.</li></ul>

Veeva Systems managed to exceed analyst expectations in terms of revenue as well as earnings.In Commercials, the development of Vault CRM progressed and an impressive demo was showcased at the Commercial Summit, generating significant excitement.We give Veeva Systems Inc. a 'Hold' rating with a revised target price.

Veeva Systems Inc.: Can The Vault CRM Launch Be A Game Changer? Drivers

<ul><li>Veeva Systems finished the year on a strong note with both, its revenues as well as earnings exceeding the expectations of analysts as well as the management.</li><li>The management claims that it was a watershed year for clinical data management, with significant momentum in emergent areas like Safety, Link, and Compass.</li><li>We give Veeva Systems a 'Hold' rating with a revised target price.</li></ul>

Veeva Systems finished the year on a strong note with both, its revenues as well as earnings exceeding the expectations of analysts as well as the management.The management claims that it was a watershed year for clinical data management, with significant momentum in emergent areas like Safety, Link, and Compass.We give Veeva Systems a 'Hold' rating with a revised target price.

<ul><li>This is our first report on Veeva Systems, one of the well-known providers of cloud-based software solutions for the global life sciences industry.</li><li>The fact remains that bulk of the revenue of Veeva is on the application of Veeva Vault.</li><li>We initiate coverage on the stock of Veeva Systems with a ‘Hold’ rating.</li></ul>

This is our first report on Veeva Systems, one of the well-known providers of cloud-based software solutions for the global life sciences industry.The fact remains that bulk of the revenue of Veeva is on the application of Veeva Vault.We initiate coverage on the stock of Veeva Systems with a ‘Hold’ rating.

Veeva Systems Inc.: Initiation of Coverage – Product Offerings & Key Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Despite the bulls still being in control, we have several ongoing concerns and we cannot rule out the potential for a pullback. Below we highlight developments that are inconsistent with a major bottom in equities that suggests the broad equity market is not yet out of the woods.  In fact, during today's action, the 2760 support level on the S&amp;P 500 briefly held but ultimately gave way. With the SPX holding below 2760 today, we are looking for downside targets of 2650 first, and then potentially 2470 if that fails to hold.</p>

Despite the bulls still being in control, we have several ongoing concerns and we cannot rule out the potential for a pullback. Below we highlight developments that are inconsistent with a major bottom in equities that suggests the broad equity market is not yet out of the woods.  In fact, during today's action, the 2760 support level on the S&amp;P 500 briefly held but ultimately gave way. With the SPX holding below 2760 today, we are looking for downside targets of 2650 first, and then potentially 2470 if that fails to hold.

U.S. Equity Strategy: Several Indicators Suggest a Pullback Likely

United States

Veeva Systems Inc. provides cloud-based business services. The Company offers enterprise applications, multichannel platform, customer relationship, and content management solutions. Veeva Systems serves customers in the United States.

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Veeva Systems Inc Class A (VEEV US)

Veeva Systems Inc.: An Insider Peek Into Their Financial Operations! - Major Drivers

Veeva Systems managed to exceed the revenue expectations as well as the earnings expectations of Wall Street, with a total revenue of $590 million...

Baptista Research

Veeva Systems Inc.: Can The Vault CRM Launch Be A Game Changer? Drivers

Veeva Systems managed to exceed analyst expectations in terms of revenue as well as earnings. In Commercials, the development of Vault CRM...

Baptista Research

Veeva Systems Inc.: Major Drivers

Veeva Systems finished the year on a strong note with both, its revenues as well as earnings exceeding the expectations of analysts as well as the...

Baptista Research

Veeva Systems Inc.: Initiation of Coverage – Product Offerings & Key Drivers

This is our first report on Veeva Systems, one of the well-known providers of cloud-based software solutions for the global life sciences...

Baptista Research

U.S. Equity Strategy: Several Indicators Suggest a Pullback Likely

Despite the bulls still being in control, we have several ongoing concerns and we cannot rule out the potential for a pullback. Below we highlight...

Vermilion Research

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