Dassault Systèmes is down nearly 1% in Paris as Barclays today reaffirmed its 'weight in line' recommendation on the stock, with a price target cut from 40 to 37 euros, assessing the competitive risk that Veeva's progress would imply for the life sciences software group's prospects.

The broker concludes that the risk of disruption to Dassault's Medidata division is not immediate, but warns that if Veeva were to take a larger share, Medidata might find it difficult to continue outperforming market growth.


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