Veeva Systems (NYSE:VEEV) Price Target Raised to $270.00

Veeva Systems (NYSE:VEEV) had its price target hoisted by BMO Capital Markets from $175.00 to $270.00 in a research note published on Thursday morning,Benzinga reports. They currently have a market perform rating on the technology company’s stock.

A number of other analysts have also recently issued reports on VEEV. Robert W. Baird boosted their price objective on Veeva Systems from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Zacks Research cut Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. BNP Paribas Exane reiterated an “outperform” rating and set a $285.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. Oppenheimer boosted their price target on shares of Veeva Systems from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Finally, Truist Financial increased their price objective on shares of Veeva Systems from $262.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $284.46.

Veeva Systems Stock Performance

Shares of VEEV opened at $277.27 on Thursday. The company has a 50-day simple moving average of $208.48 and a 200-day simple moving average of $184.39. Veeva Systems has a 52 week low of $148.05 and a 52 week high of $310.50. The firm has a market capitalization of $45.04 billion, a P/E ratio of 45.60, a P/E/G ratio of 1.19 and a beta of 0.92.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. The firm had revenue of $927.96 million for the quarter, compared to analyst estimates of $905.38 million. Veeva Systems had a return on equity of 14.25% and a net margin of 29.34%.The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.99 earnings per share. 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, equities analysts forecast that Veeva Systems will post 6.65 earnings per share for the current year.

Insider Activity at Veeva Systems

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

Hedge Funds Weigh In On Veeva Systems

Several institutional investors have recently bought and sold shares of the business. SHP Wealth Management acquired a new position in Veeva Systems in the fourth quarter worth $26,000. Compass Financial Management LLC acquired a new stake in shares of Veeva Systems in the second quarter valued at $27,000. Activest Wealth Management increased its stake in shares of Veeva Systems by 3,175.0% in the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock valued at $29,000 after buying an additional 127 shares in the last quarter. Arlington Trust Co LLC bought a new position in shares of Veeva Systems in the second quarter valued at about $29,000. Finally, Field & Main Bank bought a new position in shares of Veeva Systems in the second quarter valued at about $29,000. 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: 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.