Veeva Systems (NYSE:VEEV) Price Target Raised to $315.00

Veeva Systems (NYSE:VEEV) had its price target upped by Barclays from $275.00 to $315.00 in a research note published on Thursday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other equities analysts have also weighed in on the stock. Robert W. Baird raised their price objective on shares of Veeva Systems from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Royal Bank Of Canada boosted their target price on shares of Veeva Systems from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday. BNP Paribas Exane reissued an “outperform” rating and set a $285.00 target price on shares of Veeva Systems in a research note on Thursday, June 4th. Oppenheimer increased their target price on shares of Veeva Systems from $225.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a $295.00 target price on shares of Veeva Systems in a report on Thursday. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $284.46.

Veeva Systems Stock Down 1.7%

Shares of Veeva Systems stock opened at $277.27 on Thursday. The business has a fifty day simple moving average of $208.48 and a 200-day simple moving average of $184.39. Veeva Systems has a fifty-two week low of $148.05 and a fifty-two week high of $310.50. The firm has a market cap of $45.04 billion, a price-to-earnings ratio of 45.60, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, August 26th. The technology company reported $2.35 earnings per share (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 analyst estimates of $905.38 million. During the same period in the previous year, the company earned $1.99 earnings per share. Veeva Systems’s revenue 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. Analysts anticipate that Veeva Systems will post 6.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Veeva Systems news, insider Thomas D. Schwenger sold 36,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was 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 in the company, valued at approximately $4,866,723.27. The trade was a 64.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VEEV. California State Teachers Retirement System grew its position in Veeva Systems by 16,590.3% during 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 in the last quarter. Norges Bank acquired a new stake in Veeva Systems during the 4th quarter valued at $332,412,000. Durable Capital Partners LP purchased a new stake in shares of Veeva Systems in the second quarter valued at $281,351,000. Fundsmith LLP purchased a new stake in shares of Veeva Systems in the second quarter valued at $144,955,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Veeva Systems by 203.0% in the first 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 period. 88.20% of the stock is owned by hedge funds and other institutional investors.

Key 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.

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.