Veeva Systems (NYSE:VEEV) Price Target Raised to $325.00

Veeva Systems (NYSE:VEEV) had its price target boosted by Royal Bank Of Canada from $275.00 to $325.00 in a research report report published on Thursday morning, Marketbeat reports. They currently have an outperform rating on the technology company’s stock.

Several other equities research analysts have also weighed in on VEEV. Mizuho cut their target price on shares of Veeva Systems from $295.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Citigroup boosted their price target on shares of Veeva Systems from $176.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. BNP Paribas Exane restated an “outperform” rating and issued a $285.00 price objective on shares of Veeva Systems in a research report on Thursday, June 4th. Truist Financial raised their price objective on Veeva Systems from $262.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Piper Sandler assumed coverage on Veeva Systems in a report on Monday, August 24th. They set an “overweight” rating and a $295.00 target price on the stock. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $284.46.

Veeva Systems Price Performance

Shares of VEEV stock opened at $277.27 on Thursday. The stock has a market cap of $45.04 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92. The stock has a 50-day moving average of $208.48 and a 200-day moving average of $184.39. Veeva Systems has a one year low of $148.05 and a one year high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.12. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The business had revenue of $927.96 million for the quarter, compared to analyst estimates of $905.38 million. During the same quarter last year, the firm earned $1.99 EPS. Veeva Systems’s quarterly revenue was up 17.6% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. As a group, research analysts anticipate that Veeva Systems will post 6.65 earnings per share for the current year.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 36,000 shares of Veeva Systems stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total value of $9,008,280.00. Following the transaction, the insider owned 19,449 shares of the company’s stock, valued at approximately $4,866,723.27. The trade was a 64.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Veeva Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SHP Wealth Management bought a new stake in Veeva Systems in the 4th quarter valued at $26,000. Activest Wealth Management increased its holdings in Veeva Systems by 3,175.0% during the 4th quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. MV Capital Management Inc. bought a new position in Veeva Systems during the 4th quarter worth about $30,000. Reflection Asset Management acquired a new stake in shares of Veeva Systems in the 4th quarter valued at about $32,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Veeva Systems in the 4th quarter valued at about $33,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Key Veeva Systems News

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Beat-and-raise quarter: Veeva reported fiscal Q2 revenue of approximately $928 million, up 17.6% year over year and above expectations. Non-GAAP EPS of $2.35 also exceeded consensus, while next-quarter revenue guidance of about $933.5 million was roughly 1.5% ahead of estimates. VEEV Q2 Deep Dive: AI Expansion, CRM Wins, and Accelerating R&D Cloud Adoption
• Positive Sentiment: AI and CRM momentum: Management highlighted demand for its Falcon AI platform, record Vault CRM execution and increasing adoption of its Commercial Cloud products. The company expects its first Falcon customers to go live this year, supporting the growth outlook. VEEV Q2 Earnings Call Centers on Falcon and CRM Momentum
• Positive Sentiment: Shareholder returns and financial strength: Veeva’s $2 billion buyback—of which about $1.4 billion reportedly remains—may offset stock-based compensation and support EPS growth. Approximately $1.8 billion in cash, $5.4 billion in short-term investments and minimal debt provide balance-sheet flexibility.
• Positive Sentiment: Higher bullish targets: Barclays raised its target to $315, RBC to $325, Guggenheim to $310, Truist to $305 and Robert W. Baird to $300, with buy, outperform or overweight ratings. Analyst price-target updates
• Neutral Sentiment: Valuation is demanding: VEEV trades near $277, with a reported P/E ratio of 45.6, leaving less room for execution mistakes after the recent rally.
• Negative Sentiment: Analyst caution and consolidation: Citi maintained a neutral rating with a $273 target, while BMO, Canaccord and Morgan Stanley targets were below the current price. The latest weakness may therefore represent consolidation as investors digest strong results and reassess the stock’s premium valuation.

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.