Citigroup Issues Positive Forecast for Veeva Systems (NYSE:VEEV) Stock Price

Veeva Systems (NYSE:VEEV) had its price target increased by analysts at Citigroup from $176.00 to $190.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Citigroup’s price target would indicate a potential upside of 6.32% from the company’s current price.

A number of other brokerages also recently weighed in on VEEV. Morgan Stanley boosted their price target on Veeva Systems from $205.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Evercore reiterated an “outperform” rating and issued a $185.00 price target on shares of Veeva Systems in a report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $270.00 target price on shares of Veeva Systems in a report on Thursday. UBS Group cut their target price on shares of Veeva Systems from $220.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Piper Sandler cut their target price on shares of Veeva Systems from $285.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Veeva Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.96.

Veeva Systems Stock Performance

Shares of NYSE VEEV traded down $0.02 during trading on Thursday, reaching $178.70. The stock had a trading volume of 2,325,410 shares, compared to its average volume of 2,690,713. Veeva Systems has a one year low of $148.05 and a one year high of $310.50. The stock has a market cap of $29.19 billion, a PE ratio of 32.83, a P/E/G ratio of 0.81 and a beta of 0.95. The firm’s 50 day moving average price is $166.29 and its two-hundred day moving average price is $196.71.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.10. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.The business had revenue of $882.95 million during the quarter, compared to the consensus estimate of $857.73 million. During the same period in the previous year, the business earned $1.97 EPS. The business’s quarterly revenue was up 16.3% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. On average, research analysts expect that Veeva Systems will post 6.45 earnings per share for the current year.

Insiders Place Their Bets

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total value of $116,730.00. Following the sale, the director directly owned 3,253 shares of the company’s stock, valued at $506,296.92. This trade represents a 18.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Veeva Systems

Large investors have recently added to or reduced their stakes in the stock. SHP Wealth Management acquired a new stake in Veeva Systems in the fourth quarter worth $26,000. Board of the Pension Protection Fund bought a new position in shares of Veeva Systems in the fourth quarter worth $27,000. Raiffeisen Bank International AG bought a new position in shares of Veeva Systems in the third quarter worth $28,000. Newbridge Financial Services Group Inc. grew its stake in shares of Veeva Systems by 322.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Finally, Activest Wealth Management grew its stake in shares of Veeva Systems by 3,175.0% in the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Veeva Systems News Summary

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

• Positive Sentiment: Veeva reported better-than-expected Q1 results, with adjusted EPS of $2.24 and revenue of $882.9 million, both topping estimates, while revenue rose 16.3% year over year. Veeva Announces Fiscal 2027 First Quarter Results
• Positive Sentiment: The company also raised guidance, with Q2 and FY2027 outlooks coming in above consensus, which suggests management sees continued momentum in subscription growth and profitability. Veeva systems earnings and guidance coverage
• Positive Sentiment: Several firms remained constructive after the report, including Oppenheimer reaffirming an outperform rating with a $225 target, RBC reiterating outperform with a $275 target, and Needham and BTIG keeping buy ratings with targets of $270 and $340, respectively. Analyst rating updates
• Positive Sentiment: Management highlighted AI initiatives, including Veeva Falcon and traction from Ostro, which may support longer-term growth expectations. Veeva Systems Inc (VEEV) Q1 2027 Earnings Call Highlights
• Neutral Sentiment: Some analysts trimmed price targets after the results, including Barclays, Piper Sandler, and Canaccord, though they still maintained positive or neutral ratings, signaling a more cautious view on the pace of upside. Analyst price target changes
• Negative Sentiment: BMO Capital cut its target to $175 and downgraded the stock to market perform, while UBS lowered its target to $190 and moved to neutral, adding to valuation pressure on the shares. More analyst downgrades

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.