Veeva Systems (NYSE:VEEV) Given New $275.00 Price Target at Royal Bank Of Canada

Veeva Systems (NYSE:VEEV) had its price objective trimmed by Royal Bank Of Canada from $330.00 to $275.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

VEEV has been the topic of several other research reports. Needham & Company LLC reduced their price target on shares of Veeva Systems from $355.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday. Morgan Stanley lifted their price objective on Veeva Systems from $205.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group reduced their target price on Veeva Systems from $280.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Truist Financial raised Veeva Systems from a “hold” rating to a “buy” rating in a research report on Thursday, January 8th. Finally, Stifel Nicolaus cut their price target on Veeva Systems from $320.00 to $212.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $284.91.

Veeva Systems Stock Performance

Shares of VEEV stock opened at $196.29 on Thursday. The stock has a fifty day moving average price of $204.04 and a 200 day moving average price of $248.03. The stock has a market cap of $32.27 billion, a PE ratio of 36.28, a P/E/G ratio of 1.30 and a beta of 1.09. Veeva Systems has a 1 year low of $168.13 and a 1 year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. The business had revenue of $835.95 million during the quarter, compared to analysts’ expectations of $810.95 million. Veeva Systems had a return on equity of 14.11% and a net margin of 28.44%.The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $1.74 earnings per share. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. As a group, equities research analysts predict that Veeva Systems will post 4.35 earnings per share for the current year.

Veeva Systems declared that its Board of Directors has authorized a share repurchase program on Monday, January 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the technology company to buy up to 5.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total value of $231,430.00. Following the completion of the sale, the insider owned 23,204 shares of the company’s stock, valued at $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Veeva Systems

A number of hedge funds have recently added to or reduced their stakes in VEEV. Sivia Capital Partners LLC lifted its holdings in shares of Veeva Systems by 225.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock worth $899,000 after acquiring an additional 2,164 shares during the period. Legacy Investment Solutions LLC acquired a new position in Veeva Systems during the second quarter worth approximately $32,000. Sigma Planning Corp increased its position in Veeva Systems by 1.2% during the second quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock worth $958,000 after purchasing an additional 39 shares during the last quarter. Prosperity Consulting Group LLC purchased a new position in Veeva Systems during the second quarter worth approximately $334,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Veeva Systems in the 2nd quarter valued at $1,879,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Veeva Systems

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

• Positive Sentiment: Q4 beat and raised guidance — Veeva reported Q4 revenue of ~$836M (+16% YoY) and non‑GAAP EPS of $2.06, topping estimates; management issued FY27 and Q1 EPS/revenue guidance above consensus, which is the main catalyst for the stock move. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: AI initiatives and product momentum — Analysts and deep‑dive coverage point to expanding AI capabilities and core systems modernization (agentic/AI features and CRM expansion) driving subscription demand and revenue durability. Investors view this as evidence Veeva can outperform broader software AI fears. VEEV Q4 Deep Dive: AI Initiatives and Core Systems Modernization Drive Outperformance
• Positive Sentiment: Support from some analysts — Several firms reaffirmed buys or raised targets after the print (examples include Stifel and Truist), signaling continued institutional confidence despite a mixed overall reactions. Veeva Systems Analyst Says AI Push Keeps Stock Attractive
• Neutral Sentiment: Mixed analyst price‑target moves — The earnings beat prompted a flurry of target changes (some higher, some lower); the net effect is varied positioning rather than a clear consensus upgrade. Watch flows as firms update models. These Analysts Cut Their Forecasts On Veeva Systems Following Q4 Results
• Neutral Sentiment: ETF / positioning chatter — Higher premarket/ETF positioning mentions (e.g., Russell 1000 activity) could amplify intraday moves but don’t change fundamentals. Veeva Systems Sparks Elevated Positioning Chatter In Russell 1000 ETF
• Negative Sentiment: Analyst downgrades and target cuts remain — A number of firms trimmed targets (Piper, Needham, RBC, Canaccord among others) and some flagged decelerating growth/margin pressure; these cuts could cap near‑term upside and increase volatility. These Analysts Cut Their Forecasts On Veeva Systems Following Q4 Results
• Negative Sentiment: Competitive/CRM risks and margin scrutiny — Coverage highlights CRM competition and questions about pace of AI monetization; if CRM wins slow or margins compress, guidance may prove optimistic. Veeva Systems Under Pressure as Earnings Loom Amid CRM Competition

About Veeva Systems

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.