Veeva Systems’ (VEEV) “Buy” Rating Reiterated at Truist Financial

Truist Financial reiterated their buy rating on shares of Veeva Systems (NYSE:VEEV) in a research report report published on Thursday morning,Benzinga reports. They currently have a $262.00 price objective on the technology company’s stock, down from their previous price objective of $275.00.

VEEV has been the subject of a number of other research reports. Needham & Company LLC reduced their price objective on shares of Veeva Systems from $355.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings cut Veeva Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Morgan Stanley increased their target price on Veeva Systems from $205.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group began coverage on Veeva Systems in a research note on Tuesday, January 13th. They issued a “sell” rating and a $215.00 price target on the stock. Finally, UBS Group upped their price objective on Veeva Systems from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday. 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. Based on data from MarketBeat, Veeva Systems has an average rating of “Moderate Buy” and a consensus price target of $284.91.

Veeva Systems Price Performance

Veeva Systems stock opened at $195.89 on Thursday. The business has a 50 day simple moving average of $203.47 and a 200-day simple moving average of $247.17. Veeva Systems has a 12 month low of $168.13 and a 12 month high of $310.50. The stock has a market capitalization of $32.20 billion, a PE ratio of 36.21, a price-to-earnings-growth 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, beating analysts’ consensus estimates of $1.94 by $0.12. Veeva Systems had a net margin of 28.44% and a return on equity of 14.11%. The firm had revenue of $835.95 million for the quarter, compared to analyst estimates of $810.95 million. During the same period last year, the firm posted $1.74 EPS. Veeva Systems’s quarterly revenue was up 16.0% on a year-over-year basis. 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, equities research analysts anticipate that Veeva Systems will post 4.35 EPS for the current year.

Veeva Systems announced that its board has authorized a stock buyback plan on Monday, January 5th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 5.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total transaction of $231,430.00. Following the completion of the transaction, the insider owned 23,204 shares of the company’s stock, valued at $5,370,101.72. The trade was a 4.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 10.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Veeva Systems

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Veeva Systems by 3.1% during the third quarter. Vanguard Group Inc. now owns 15,429,231 shares of the technology company’s stock worth $4,596,522,000 after acquiring an additional 457,806 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Veeva Systems by 4.1% in the third quarter. Alliancebernstein L.P. now owns 5,941,631 shares of the technology company’s stock valued at $1,770,071,000 after purchasing an additional 235,983 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Veeva Systems by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 3,870,293 shares of the technology company’s stock valued at $863,978,000 after purchasing an additional 23,416 shares during the last quarter. State Street Corp grew its position in shares of Veeva Systems by 2.4% in the fourth quarter. State Street Corp now owns 3,589,425 shares of the technology company’s stock valued at $801,267,000 after purchasing an additional 85,695 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Veeva Systems by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,476,258 shares of the technology company’s stock worth $1,035,622,000 after purchasing an additional 159,984 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Key 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.