TD Cowen Cuts Veeva Systems (NYSE:VEEV) Price Target to $300.00

Veeva Systems (NYSE:VEEV) had its price target dropped by equities researchers at TD Cowen from $380.00 to $300.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. TD Cowen’s price target would suggest a potential upside of 54.96% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $330.00 target price on shares of Veeva Systems in a research note on Monday, November 24th. The Goldman Sachs Group started coverage on Veeva Systems in a research note on Tuesday, January 13th. They set a “sell” rating and a $215.00 price objective on the stock. Wells Fargo & Company reduced their price target on Veeva Systems from $333.00 to $317.00 and set an “overweight” rating on the stock in a research report on Thursday. Piper Sandler decreased their price target on Veeva Systems from $355.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Robert W. Baird lifted their price objective on shares of Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Nineteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Veeva Systems has an average rating of “Moderate Buy” and a consensus target price of $284.92.

Veeva Systems Stock Performance

Veeva Systems stock traded up $5.12 during midday trading on Thursday, reaching $193.60. The stock had a trading volume of 3,003,757 shares, compared to its average volume of 2,239,698. The stock’s 50-day simple moving average is $204.58 and its 200 day simple moving average is $248.39. Veeva Systems has a twelve month low of $168.13 and a twelve month high of $310.50. The stock has a market capitalization of $31.82 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.09.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.94 by $0.12. The company had revenue of $835.95 million during the quarter, compared to analyst estimates of $810.95 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Equities analysts predict that Veeva Systems will post 4.35 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 23,204 shares of the company’s stock, valued at $5,370,101.72. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Veeva Systems

Large investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC increased its stake in Veeva Systems by 196.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after purchasing an additional 55 shares during the last quarter. SHP Wealth Management acquired a new stake in Veeva Systems during the fourth quarter worth about $26,000. Board of the Pension Protection Fund bought a new position in Veeva Systems in the fourth quarter worth about $27,000. Raiffeisen Bank International AG acquired a new position in Veeva Systems in the third quarter valued at approximately $28,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Veeva Systems by 322.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors.

Trending Headlines about Veeva Systems

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

• Positive Sentiment: Company beat revenue and EPS estimates for Q4 and issued FY27 and Q1 guidance above consensus — management reported 16% revenue growth and raised forward EPS and revenue ranges, which supports continued top-line momentum and de‑risked near‑term expectations. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Analysts cite Veeva’s AI initiatives and proprietary life‑sciences data as a durable competitive advantage that should help the company weather broader AI disruption concerns — this narrative is supporting investor confidence. Veeva Systems Analyst Says AI Push Keeps Stock Attractive
• Positive Sentiment: Veeva is signaling CRM will become a meaningful growth driver (targeting ~10% of revenue by 2030) as AI demand builds — a successful CRM expansion would diversify revenue and raise long‑term growth visibility. Veeva signals CRM to comprise 10% of revenue by 2030 as AI momentum builds
• Positive Sentiment: Several firms raised or reaffirmed positive ratings after the results (Stifel raised its PT to $245; UBS raised to $220; Morgan Stanley nudged its PT higher), providing analyst support for the rally. Analyst Price Target Actions
• Neutral Sentiment: Truist reaffirmed a “buy” rating but trimmed its price target — indicates confidence in the business but slightly more conservative near‑term expectations. Truist Reaffirms Buy
• Negative Sentiment: Several sell‑side shops trimmed price targets (Piper Sandler, Needham, RBC, Wells Fargo made cuts) and a subset lowered forecasts after the quarter — these revisions reflect concerns about growth deceleration, margin pressure, and tougher CRM competition and can cap upside until guidance execution is proven. These Analysts Cut Their Forecasts On Veeva Systems Following Q4 Results
• Negative Sentiment: Prior commentary flagged competitive pressures in CRM and the pace of AI adoption as risks — investors may remain cautious until Veeva demonstrates clear monetization of agentic/AI features and CRM share gains. Veeva Systems under pressure as earnings loom amid CRM competition

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.