Citigroup Cuts Veeva Systems (NYSE:VEEV) Price Target to $291.00

Veeva Systems (NYSE:VEEV) had its target price lowered by Citigroup from $319.00 to $291.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other analysts have also weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Veeva Systems from $330.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Weiss Ratings downgraded Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Truist Financial reaffirmed a “buy” rating and set a $262.00 price target (down from $275.00) on shares of Veeva Systems in a research report on Thursday, March 5th. Stifel Nicolaus lifted their price objective on Veeva Systems from $212.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, BMO Capital Markets initiated coverage on Veeva Systems in a research note on Thursday, November 13th. They set a “market perform” rating and a $300.00 target price on the stock. Seventeen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $283.70.

Veeva Systems Stock Down 1.4%

Shares of NYSE VEEV opened at $186.96 on Monday. The firm’s fifty day moving average is $201.48 and its 200 day moving average is $245.18. Veeva Systems has a 52 week low of $168.13 and a 52 week high of $310.50. The company has a market cap of $30.73 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 1.31 and a beta of 1.09.

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 the consensus estimate 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 net margin of 28.44% and a return on equity of 14.11%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 EPS. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. Equities research analysts anticipate that Veeva Systems will post 4.35 earnings per share for the current year.

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

Insider Activity at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider directly owned 23,204 shares in the company, valued at $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Veeva Systems

A number of institutional investors have recently added to or reduced their stakes in VEEV. Sivia Capital Partners LLC boosted 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 valued at $899,000 after buying an additional 2,164 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in shares of Veeva Systems in the 2nd quarter worth about $297,000. Penserra Capital Management LLC lifted its position in Veeva Systems by 409.4% during the 2nd quarter. Penserra Capital Management LLC now owns 3,693 shares of the technology company’s stock valued at $1,062,000 after acquiring an additional 2,968 shares during the period. Aviva PLC lifted its position in Veeva Systems by 5.7% during the 2nd quarter. Aviva PLC now owns 116,447 shares of the technology company’s stock valued at $33,534,000 after acquiring an additional 6,297 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Veeva Systems by 9.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 137,417 shares of the technology company’s stock worth $39,573,000 after acquiring an additional 11,340 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Key Veeva Systems News

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

• Positive Sentiment: Veeva acquired AI chat specialist Ostro for roughly $100M to add an AI-driven, compliant brand‑engagement chat tool for patients and HCPs — expands Commercial Cloud capabilities and product moat. Veeva shells out $100M for Ostro and its AI chat tool for pharma brand engagement
• Positive Sentiment: AOP Health standardized on Veeva’s Industry Cloud across R&D, quality, commercial and data — a notable customer win that supports recurring SaaS revenue and cross‑cloud adoption. AOP Health Standardizes on Veeva Industry Cloud for Life Sciences Across All Business Areas
• Positive Sentiment: Q4 results beat expectations with stronger demand for modernization (safety, R&D) and expansion among top 20 pharma customers; management emphasized scalable, automated core systems as the main growth driver. These fundamentals support revenue durability and the long‑term SaaS upsell story. 5 Revealing Analyst Questions From Veeva Systems’s Q4 Earnings Call
• Neutral Sentiment: Analyst/investor attention articles (Zacks, market commentary) highlight interest in Veeva but don’t add new material facts — they may increase trading volume but are unlikely alone to change fundamentals. Veeva Systems Inc. (VEEV) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Citigroup lowered its expectations/price target for Veeva, signaling analyst concern that recent moves (acquisition spend, guidance cadence) or valuation may not justify current multiples — analyst downgrades can pressure the stock near term. Citigroup Has Lowered Expectations for Veeva Systems (NYSE:VEEV) Stock Price

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.