Veeva Systems (NYSE:VEEV) Price Target Raised to $275.00

Veeva Systems (NYSE:VEEV) had its price target lifted by Morgan Stanley from $215.00 to $275.00 in a research note released on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings raised Veeva Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Needham & Company LLC lifted their price target on Veeva Systems from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Veeva Systems in a research report on Thursday, June 4th. The Goldman Sachs Group cut their price objective on shares of Veeva Systems from $190.00 to $165.00 and set a “sell” rating on the stock in a research report on Thursday, June 4th. Finally, Barclays increased their price objective on shares of Veeva Systems from $235.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $284.46.

Veeva Systems Stock Performance

Shares of NYSE VEEV opened at $277.27 on Thursday. Veeva Systems has a fifty-two week low of $148.05 and a fifty-two week high of $310.50. The company has a 50 day simple moving average of $208.48 and a two-hundred day simple moving average of $184.39. The company has a market capitalization of $45.04 billion, a price-to-earnings 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 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. Veeva Systems had a return on equity of 14.25% and a net margin of 29.34%.The firm had revenue of $927.96 million for the quarter, compared to analysts’ expectations of $905.38 million. During the same period in the previous year, the firm posted $1.99 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that Veeva Systems will post 6.65 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Veeva Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in Veeva Systems by 16,590.3% in the 2nd quarter. California State Teachers Retirement System now owns 39,388,224 shares of the technology company’s stock worth $6,990,228,000 after purchasing an additional 39,152,230 shares during the period. Norges Bank bought a new position in shares of Veeva Systems during the 4th quarter valued at $332,412,000. Durable Capital Partners LP bought a new position in shares of Veeva Systems during the 2nd quarter valued at $281,351,000. Fundsmith LLP purchased a new position in shares of Veeva Systems in the 2nd quarter worth $144,955,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Veeva Systems by 203.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 913,281 shares of the technology company’s stock worth $160,427,000 after buying an additional 611,868 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

More 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.