Veeva Systems (NYSE:VEEV) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Veeva Systems (NYSE:VEEV) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other brokerages also recently commented on VEEV. JPMorgan Chase & Co. dropped their target price on shares of Veeva Systems from $330.00 to $296.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Canaccord Genuity Group decreased their price target on shares of Veeva Systems from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, March 5th. Robert W. Baird boosted their price target on Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a report on Friday, November 21st. William Blair reissued an “outperform” rating on shares of Veeva Systems in a research note on Tuesday. Finally, Royal Bank Of Canada reduced their price objective on Veeva Systems from $330.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and an average target price of $283.70.

Veeva Systems Trading Down 1.2%

NYSE:VEEV opened at $178.68 on Friday. The company has a market cap of $29.37 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.23 and a beta of 1.09. Veeva Systems has a twelve month low of $168.13 and a twelve month high of $310.50. The stock has a fifty day simple moving average of $199.82 and a 200-day simple moving average of $243.69.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $835.95 million for 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 business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior 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 EPS for the current fiscal year.

Veeva Systems announced that its board has approved a stock repurchase plan on Monday, January 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the technology company to buy up to 5.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the transaction, the insider directly owned 23,204 shares in the company, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Veeva Systems

Large investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC lifted its holdings in Veeva Systems by 196.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after buying an additional 55 shares during the period. SHP Wealth Management purchased a new position in shares of Veeva Systems in the 4th quarter valued at $26,000. Board of the Pension Protection Fund purchased a new position in shares of Veeva Systems in the 4th quarter valued at $27,000. Raiffeisen Bank International AG bought a new position in shares of Veeva Systems in the 3rd quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Veeva Systems by 322.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Key Headlines Impacting Veeva Systems

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

• Positive Sentiment: Veeva agreed to acquire AI brand‑engagement platform Ostro for about $100M to expand AI‑powered engagement tools for life‑sciences customers — a direct revenue/product expansion play that supports Veeva’s AI roadmap and could boost growth over time. Veeva Acquires Ostro to Expand AI-Powered Engagement in Life Sciences
• Positive Sentiment: Some research benches still view Veeva as a long‑term growth name — Zacks highlights VEEV as a top growth stock for long‑term investors, reinforcing investor confidence in the company’s secular life‑sciences software exposure. Why Veeva Systems (VEEV) is a Top Growth Stock for the Long-Term
• Positive Sentiment: Wall Street Zen upgraded Veeva’s rating to Buy, adding another supportive analyst view that could help stabilize sentiment after recent target resets. Veeva Systems (NYSE:VEEV) Rating Increased to Buy at Wall Street Zen
• Neutral Sentiment: Analysts’ consensus remains a “Moderate Buy,” reflecting mixed but generally constructive analyst sentiment rather than a clear sell signal. Veeva Systems Inc. (NYSE:VEEV) Receives Consensus Rating of “Moderate Buy” from Analysts
• Negative Sentiment: Truist trimmed its price target to $262 (from $275) despite reiterating a Buy after Veeva’s strong Q4 — the cut reduces implied upside and can weigh on near‑term sentiment even as execution remains solid. Truist Trims PT on Veeva (VEEV) Following Strong Q4 Results
• Negative Sentiment: Fair‑value and model resets are appearing: one note trimmed its fair value from about $302.60 to $270.93, reflecting more measured assumptions on growth and margins — this recalibration contributes to downward pressure on targets. Reframing The Veeva Systems (VEEV) Narrative As Mixed Analyst Views Meet Strong Execution
• Negative Sentiment: Outlets (e.g., The Motley Fool) flag rising competition and potential execution risks — combined with recent broader software‑sector weakness this year, these concerns increase the risk of multiple compression. Is Veeva Systems a Multimillionaire-Maker Stock?

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.