Veeva Systems (NYSE:VEEV) Raised to “Buy” at Wall Street Zen

Veeva Systems (NYSE:VEEV) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

VEEV has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price objective on Veeva Systems from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. TD Cowen upped their price objective on Veeva Systems from $235.00 to $283.00 and gave the company a “buy” rating in a report on Monday, August 24th. Morgan Stanley raised their target price on Veeva Systems from $215.00 to $275.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Robert W. Baird lifted their target price on Veeva Systems from $260.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Finally, Mizuho boosted their price target on shares of Veeva Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $284.88.

Veeva Systems Trading Up 0.0%

Shares of NYSE:VEEV opened at $296.15 on Friday. The company has a 50 day moving average of $261.01 and a 200-day moving average of $203.71. The firm has a market cap of $47.95 billion, a P/E ratio of 48.71, a P/E/G ratio of 1.26 and a beta of 0.93. Veeva Systems has a twelve month low of $148.05 and a twelve month high of $302.17.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The business had revenue of $927.96 million for the quarter, compared to analyst estimates of $905.38 million. During the same quarter last year, the business earned $1.99 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. 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. Equities research analysts forecast that Veeva Systems will post 6.70 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Daniel Rizzo sold 4,841 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $276.51, for a total transaction of $1,338,584.91. Following the sale, the executive vice president directly owned 7,665 shares of the company’s stock, valued at $2,119,449.15. The trade was a 38.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Thomas 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 sale, the insider directly owned 19,449 shares in the company, valued at $4,866,723.27. This trade represents a 64.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 51,591 shares of company stock worth $13,355,945. 10.60% of the stock is owned by insiders.

Institutional Trading of Veeva Systems

Several large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in shares of Veeva Systems by 7.0% during the first quarter. Principal Financial Group Inc. now owns 4,141,545 shares of the technology company’s stock worth $727,513,000 after buying an additional 271,252 shares in the last quarter. Swedbank AB raised its stake in shares of Veeva Systems by 43.5% in the first quarter. Swedbank AB now owns 1,645,128 shares of the technology company’s stock valued at $288,983,000 after acquiring an additional 498,971 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Veeva Systems by 43.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,593,795 shares of the technology company’s stock worth $279,970,000 after acquiring an additional 483,720 shares in the last quarter. Amundi boosted its holdings in shares of Veeva Systems by 8.0% in the 1st quarter. Amundi now owns 992,977 shares of the technology company’s stock worth $174,426,000 after acquiring an additional 73,510 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 acquiring an additional 611,868 shares in the last quarter. 88.20% of the stock is owned by institutional investors.

Veeva Systems News Roundup

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

• Positive Sentiment: Veeva’s strong second-quarter results, continued Vault CRM migrations and expansion of AI products support expectations for sustained growth. The company’s software remains deeply embedded in pharmaceutical and biotech workflows, creating customer retention and cross-selling opportunities. Reasons to Hold Veeva Systems Stock in Your Portfolio for Now
• Positive Sentiment: Veeva highlighted new AI capabilities, including Veeva Falcon and Vault AI, along with enhancements to its Development Cloud and Quality Cloud applications. These tools could increase the value of its platform as drug developers seek faster research, clinical-trial and quality processes. Veeva Systems Showcases AI Innovations
• Positive Sentiment: Veeva Basics has reached nearly 200 customers and the company is drawing attention after reaching approximately 175 biotech customers, signaling adoption among emerging biopharma companies and a potentially broader long-term customer base. Veeva Basics Customer Update
• Positive Sentiment: Market commentary identifies Veeva as one of the software companies benefiting from institutional buying after earlier fears that AI could make subscription software obsolete. Its sticky customer data and strong switching costs are viewed as competitive advantages. Wall Street Left Software for Dead
• Neutral Sentiment: Evercore ISI raised its price target from $185 to $250, but that target is below the stock’s recent trading level, suggesting analysts may see less near-term upside after the rally. Evercore ISI Adjusts Veeva Price Target
• Negative Sentiment: Investors remain concerned that market saturation could limit growth, while valuation-focused analysis estimates the shares may be roughly 11% above fair value based on future cash generation. Veeva’s sharp advance also leaves the stock vulnerable to profit-taking if adoption or earnings momentum slows. Veeva Stock May Be Below Fair Value

About Veeva Systems

Veeva Systems Inc is a cloud software company that provides applications and services for the life sciences industry. Its customers include pharmaceutical, biotechnology, medical device and other organizations involved in developing, manufacturing and commercializing regulated products.

The company’s product portfolio includes the Veeva Vault platform, which supports areas such as clinical operations, regulatory affairs, quality management, safety and medical communications. Veeva also offers commercial and customer relationship management applications, data and analytics products, and services designed to help life sciences companies manage relationships with healthcare professionals, oversee content and improve operational efficiency.

Founded in 2007, Veeva serves customers globally and has expanded its offerings from commercial software into research, development, manufacturing and quality processes.