S&P 500   5,248.49
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Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024

Veeva Systems (VEEV) Stock Price, News & Analysis

$233.53
+0.85 (+0.37%)
(As of 03/27/2024 ET)
Today's Range
$231.89
$234.92
50-Day Range
$201.81
$234.79
52-Week Range
$160.21
$236.90
Volume
586,299 shs
Average Volume
1.05 million shs
Market Capitalization
$37.60 billion
P/E Ratio
72.52
Dividend Yield
N/A
Price Target
$234.90

Veeva Systems MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
0.6% Upside
$234.90 Price Target
Short Interest
Healthy
1.53% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.79
Upright™ Environmental Score
News Sentiment
0.69mentions of Veeva Systems in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$6.22 M Sold Last Quarter
Proj. Earnings Growth
14.36%
From $4.11 to $4.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.52 out of 5 stars

Computer And Technology Sector

84th out of 589 stocks

Prepackaged Software Industry

24th out of 198 stocks

VEEV stock logo

About Veeva Systems Stock (NYSE:VEEV)

Veeva Systems Inc. provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and data solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States. The company also provides Veeva Development Cloud, a suite of applications for the clinical, regulatory, quality, and safety functions, including Veeva Vault Clinical, Veeva Vault RIM, Veeva Vault Safety, and Veeva Vault Quality; Veeva QualityOne, a quality and document management, and training solution; Veeva RegulatoryOne, a solution that helps companies to manage regulatory submission content; and Veeva Claims addresses the end-to-end product and marketing claims management process. In addition, it offers professional and support services, including implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; data migration and systems integrations technical consulting services; training on its solutions; and ongoing managed services that include outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.

VEEV Stock Price History

VEEV Stock News Headlines

Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
Veeva Systems: A Jewel In Transition
Veeva Systems (VEEV) Fell on Revenue Guidance
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Why the AI Gold Rush Is More Than Hype
SAM Apr 2024 400.000 call
SMCI Mar 2024 1145.000 call
VEEV Apr 2024 200.000 call
SMCI Jan 2025 1780.000 put
SMCI Mar 2024 1235.000 put
Bull of the Day: Veeva Systems Inc. (VEEV)
Veeva price target raised by $18 at KeyBanc, here's why
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
3/28/2024
Next Earnings (Estimated)
5/29/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Employees
6,744
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$234.90
High Stock Price Target
$270.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
20 Analysts

Profitability

Net Income
$525.71 million
Pretax Margin
24.88%

Debt

Sales & Book Value

Annual Sales
$2.36 billion
Cash Flow
$3.51 per share
Book Value
$28.85 per share

Miscellaneous

Free Float
143,336,000
Market Cap
$37.60 billion
Optionable
Optionable
Beta
0.74

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Should I Buy Veeva Systems Stock? VEEV Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Veeva Systems was last updated on Wednesday, March 27, 2024 at 11:32 PM.

Pros

Here are some ways that investors could benefit from investing in Veeva Systems Inc.:

  • Veeva Systems Inc. provides cloud-based software tailored for the life sciences industry, offering solutions like Veeva Commercial Cloud and Veeva Vault PromoMats, catering to the specific needs of pharmaceutical and biotechnology companies.
  • The company's suite of applications, including Veeva Vault Clinical and Veeva Vault Safety, addresses critical functions in the clinical, regulatory, quality, and safety domains, providing comprehensive solutions for these sectors.
  • Veeva Systems Inc. offers Veeva Link, a data application that enables real-time intelligence generation, enhancing decision-making processes for pharmaceutical brands and companies.
  • With Veeva Compass providing de-identified and longitudinal patient data for the United States, the company offers valuable insights and analytics capabilities that can drive strategic business decisions within the life sciences industry.
  • Considering the recent positive market sentiment towards Veeva Systems Inc., reflected in its stock price performance, investors may find potential growth opportunities in the company's innovative software solutions tailored for the life sciences sector.

Cons

Investors should be bearish about investing in Veeva Systems Inc. for these reasons:

  • While Veeva Systems Inc. operates in a niche market catering to the life sciences industry, the company's dependency on this sector may expose it to risks associated with industry-specific challenges and regulatory changes.
  • As with any technology company, Veeva Systems Inc. faces competition in the cloud-based software market, which could impact its market share and profitability over time.
  • Investors should carefully monitor the company's financial performance and growth trajectory, considering factors like revenue growth, profitability margins, and market expansion strategies to assess the long-term investment potential of Veeva Systems Inc.
  • Market volatility and macroeconomic factors can influence the stock price of Veeva Systems Inc., requiring investors to have a thorough risk management strategy in place when considering investments in the company.
  • It is essential for investors to conduct thorough due diligence and stay informed about industry trends and developments to make informed decisions regarding investments in Veeva Systems Inc., ensuring alignment with their investment objectives and risk tolerance levels.

VEEV Stock Analysis - Frequently Asked Questions

Should I buy or sell Veeva Systems stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VEEV shares.
View VEEV analyst ratings
or view top-rated stocks.

What is Veeva Systems' stock price target for 2024?

20 Wall Street analysts have issued 1 year price targets for Veeva Systems' stock. Their VEEV share price targets range from $160.00 to $270.00. On average, they anticipate the company's share price to reach $234.90 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
View analysts price targets for VEEV
or view top-rated stocks among Wall Street analysts.

How have VEEV shares performed in 2024?

Veeva Systems' stock was trading at $192.52 at the start of the year. Since then, VEEV shares have increased by 21.3% and is now trading at $233.53.
View the best growth stocks for 2024 here
.

When is Veeva Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our VEEV earnings forecast
.

How were Veeva Systems' earnings last quarter?

Veeva Systems Inc. (NYSE:VEEV) announced its quarterly earnings results on Thursday, February, 29th. The technology company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.81 by $0.11. The technology company had revenue of $630.62 million for the quarter, compared to the consensus estimate of $620.75 million. Veeva Systems had a trailing twelve-month return on equity of 11.26% and a net margin of 22.24%.

What guidance has Veeva Systems issued on next quarter's earnings?

Veeva Systems updated its first quarter 2025 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 1.420-1.430 for the period, compared to the consensus estimate of 1.270. The company issued revenue guidance of $640.0 million-$643.0 million, compared to the consensus revenue estimate of $645.8 million.

What is Peter Gassner's approval rating as Veeva Systems' CEO?

202 employees have rated Veeva Systems Chief Executive Officer Peter Gassner on Glassdoor.com. Peter Gassner has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Veeva Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Veeva Systems investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), PayPal (PYPL), Shopify (SHOP), Walt Disney (DIS), Adobe (ADBE), Netflix (NFLX), Trade Desk (TTD) and Block (SQ).

Who are Veeva Systems' major shareholders?

Veeva Systems' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.17%), Vanguard Group Inc. (8.17%), Artisan Partners Limited Partnership (4.09%), Price T Rowe Associates Inc. MD (3.61%), Massachusetts Financial Services Co. MA (1.35%) and Van ECK Associates Corp (1.10%). Insiders that own company stock include Alan Mateo, Brent R Bowman, Eleni Nitsa Zuppas, Frederic Lequient, Jonathan Faddis, Joseph Christopher Hays, Mary Lynne Hedley, Matthew J Wallach, Matthew J Wallach, Michele O'connor, Paul Edward Chamberlain, Paul J Sekhri, Peter P Gassner, Ronald E F Codd, Steven L Fasman, Thomas D Schwenger and Timothy S Cabral.
View institutional ownership trends
.

How do I buy shares of Veeva Systems?

Shares of VEEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Veeva Systems have any subsidiaries?
The following companies are subsidiares of Veeva Systems: AdvantageMS, Learnaboutgmp, Physicians World, Selligy, Veeva Crossix, Veeva RTSM, Veracity Logic, and Zinc Ahead Ltd.
Read More
This page (NYSE:VEEV) was last updated on 3/28/2024 by MarketBeat.com Staff

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