Veeva Systems (NYSE:VEEV) Price Target Raised to $325.00

Veeva Systems (NYSE:VEEV) had its price objective upped by investment analysts at Royal Bank Of Canada from $275.00 to $325.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 12.37% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Evercore reissued an “outperform” rating and issued a $185.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $285.00 price objective on shares of Veeva Systems in a research note on Thursday, June 4th. Truist Financial lifted their price objective on Veeva Systems from $262.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Canaccord Genuity Group cut their target price on shares of Veeva Systems from $235.00 to $220.00 and set a “hold” rating for the company in a research note on Thursday, June 4th. Nineteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.08.

Veeva Systems Stock Up 18.1%

Shares of VEEV traded up $44.31 during mid-day trading on Thursday, reaching $289.22. 1,807,837 shares of the company’s stock were exchanged, compared to its average volume of 2,445,541. Veeva Systems has a 52-week low of $148.05 and a 52-week high of $310.50. The company has a market cap of $46.98 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 1.06 and a beta of 0.92. The company has a 50-day simple moving average of $203.41 and a two-hundred day simple moving average of $183.04.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Wednesday, August 26th. The technology company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. 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 13.72% and a net margin of 28.37%.Veeva Systems’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 EPS. 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 research analysts predict that Veeva Systems will post 6.65 EPS 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 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 completion of the transaction, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Veeva Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SHP Wealth Management acquired a new position in Veeva Systems in the fourth quarter valued at $26,000. Compass Financial Management LLC acquired a new stake in Veeva Systems in the 2nd quarter worth about $27,000. Activest Wealth Management boosted its stake in Veeva Systems by 3,175.0% in the 4th quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after buying an additional 127 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in Veeva Systems in the 2nd quarter valued at about $29,000. Finally, Field & Main Bank purchased a new stake in Veeva Systems in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Key Stories Impacting Veeva Systems

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

• Positive Sentiment: Veeva reported fiscal Q2 revenue of $928.0 million, up 17.6% year over year, while EPS of $2.35 exceeded the $2.22 analyst consensus. Subscription revenue increased 16% to $766.8 million. Veeva Announces Fiscal 2027 Second Quarter Results
• Positive Sentiment: Management issued fiscal Q3 revenue guidance of approximately $932 million-$935 million and EPS guidance of $2.33-$2.34, both above Wall Street expectations. Full-year fiscal 2027 EPS guidance of $9.21 and revenue guidance of about $3.7 billion also exceeded consensus estimates. Veeva Q2 2027 Earnings Call Transcript
• Positive Sentiment: Executives highlighted continued strength in Vault CRM, targeting more than 70% market share, and said the first Falcon customer deployments are expected this year. AI-related capabilities are also contributing to demand and revenue growth. Veeva CRM and Falcon Update
• Positive Sentiment: Needham reaffirmed its Buy rating, while Piper Sandler initiated coverage, adding favorable analyst attention following the earnings release. Needham Reaffirms Buy Rating
• Neutral Sentiment: Analyst commentary emphasized Veeva’s combination of recurring growth, strong margins and financial strength, but the stock’s elevated valuation—around 44 times earnings—leaves less room for execution or guidance disappointments.
• Negative Sentiment: The modest decline in the shares despite the earnings and guidance beats suggests investors may be taking profits or were already pricing in strong results. Near-term sentiment could remain sensitive to valuation and the pace of new product adoption.

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.