Merck (MRK, Financial) has announced an expansion of its collaboration with Veeva Systems by adopting the Veeva Vault CRM. This strategic move underscores Merck’s commitment to enhancing its customer relationship management capabilities. The transition to Vault CRM is expected to provide Merck with a robust technological infrastructure to bolster its commercial strategies and execution. This development marks a significant step in Merck's ongoing efforts to drive innovation and efficiency in its operations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Merck & Co Inc (MRK, Financial) is $101.50 with a high estimate of $141.00 and a low estimate of $82.00. The average target implies an upside of 27.71% from the current price of $79.48. More detailed estimate data can be found on the Merck & Co Inc (MRK) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Merck & Co Inc's (MRK, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Merck & Co Inc (MRK, Financial) in one year is $122.54, suggesting a upside of 54.19% from the current price of $79.475. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Merck & Co Inc (MRK) Summary page.
