Piper Sandler Cuts Veeva Systems (NYSE:VEEV) Price Target to $285.00

Veeva Systems (NYSE:VEEV) had its price objective cut by Piper Sandler from $355.00 to $285.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities analysts have also commented on VEEV. Needham & Company LLC decreased their price target on shares of Veeva Systems from $355.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday. KeyCorp reiterated a “sector weight” rating on shares of Veeva Systems in a research report on Friday, December 12th. Canaccord Genuity Group reissued a “buy” rating on shares of Veeva Systems in a research note on Tuesday, November 25th. The Goldman Sachs Group assumed coverage on Veeva Systems in a research note on Tuesday, January 13th. They set a “sell” rating and a $215.00 price target for the company. Finally, Wall Street Zen cut Veeva Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Seventeen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $284.91.

Veeva Systems Stock Down 0.1%

Shares of NYSE VEEV opened at $195.89 on Thursday. The stock’s 50-day simple moving average is $203.47 and its two-hundred day simple moving average is $247.17. Veeva Systems has a twelve month low of $168.13 and a twelve month high of $310.50. The firm has a market capitalization of $32.20 billion, a P/E ratio of 36.21, a P/E/G ratio of 1.35 and a beta of 1.09.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.12. The company had revenue of $835.95 million for the quarter, compared to analysts’ expectations of $810.95 million. Veeva Systems had a net margin of 28.44% and a return on equity of 14.11%. Veeva Systems’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 earnings per share. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. As a group, research analysts anticipate that Veeva Systems will post 4.35 EPS for the current fiscal year.

Veeva Systems declared that its Board of Directors has approved a stock repurchase program on Monday, January 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 5.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the completion of the sale, the insider directly owned 23,204 shares in the company, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.30% of the company’s stock.

Institutional Trading of Veeva Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VEEV. Linden Thomas Advisory Services LLC increased its position in Veeva Systems by 0.3% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 12,444 shares of the technology company’s stock valued at $3,707,000 after purchasing an additional 35 shares during the period. Sigma Planning Corp increased its position in shares of Veeva Systems by 1.2% during the second quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock valued at $958,000 after buying an additional 39 shares during the period. Personal CFO Solutions LLC increased its position in shares of Veeva Systems by 3.5% during the third quarter. Personal CFO Solutions LLC now owns 1,163 shares of the technology company’s stock valued at $346,000 after buying an additional 39 shares during the period. AFT Forsyth & Company Inc. raised its stake in Veeva Systems by 4.2% in the third quarter. AFT Forsyth & Company Inc. now owns 984 shares of the technology company’s stock worth $293,000 after buying an additional 40 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. raised its stake in Veeva Systems by 0.4% in the third quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock worth $2,806,000 after buying an additional 40 shares in 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: Q4 beats and raised outlook — Veeva reported revenue of ~$836M (+16% y/y) and non‑GAAP EPS of $2.06, above consensus, and provided FY27 guidance that came in ahead of some estimates, which drove the initial rally. Article Title
• Positive Sentiment: AI and product roadmap cited as growth drivers — Management emphasized “agentic” AI initiatives and CRM expansion (CRM targeted to be ~10% of revenue by 2030), positioning Veeva to capture higher‑value services and offset broader software AI fears. Article Title
• Positive Sentiment: Analyst support and buy ratings remain — Several firms reaffirmed or raised ratings/targets (e.g., Stifel raised target to $245; Truist reaffirmed buy), keeping institutional sentiment constructive despite some cuts. Article Title
• Neutral Sentiment: Earnings call detail available for deeper read — The full Q4 earnings call/transcript provides color on customer uptake, AI timing and margin outlook; useful for investors who want to judge execution risk vs opportunity. Article Title
• Neutral Sentiment: Technical/volume context — Trading volume was a bit below average and the stock remains under its 50‑ and 200‑day moving averages, which can limit near‑term upside until momentum recovers. (See market data summary above.)
• Negative Sentiment: Price‑target cuts and cautious notes — Multiple firms trimmed price targets (Canaccord, Piper Sandler, Needham, RBC, Wells Fargo among others) citing decelerating growth, margin pressure or to reflect model changes—these headlines trimmed upside and likely capped the post‑earnings rally. Article Title
• Negative Sentiment: Ongoing AI disruption debate — Despite Veeva’s positioning, some investors remain worried about how AI will change software economics and competitive dynamics; a few analysts argue AI risk and growth normalization justify a more cautious stance. Article Title

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.