The Goldman Sachs Group Issues Pessimistic Forecast for Veeva Systems (NYSE:VEEV) Stock Price

Veeva Systems (NYSE:VEEV) had its price objective reduced by analysts at The Goldman Sachs Group from $190.00 to $165.00 in a report released on Thursday,Benzinga reports. The firm presently has a “sell” rating on the technology company’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 7.29% from the stock’s previous close.

A number of other equities analysts have also weighed in on VEEV. Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Barclays reduced their price objective on Veeva Systems from $250.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday. TD Cowen reissued a “buy” rating on shares of Veeva Systems in a report on Thursday. Evercore reissued an “outperform” rating and set a $185.00 price target on shares of Veeva Systems in a report on Thursday. Finally, Citigroup downgraded shares of Veeva Systems from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $291.00 to $176.00 in a report on Friday, April 10th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.38.

Veeva Systems Stock Performance

VEEV stock traded down $0.75 during midday trading on Thursday, reaching $177.97. The stock had a trading volume of 2,155,818 shares, compared to its average volume of 2,689,152. The firm has a fifty day simple moving average of $166.29 and a two-hundred day simple moving average of $196.71. The stock has a market cap of $29.07 billion, a PE ratio of 32.88, a P/E/G ratio of 0.81 and a beta of 0.95. Veeva Systems has a 52-week low of $148.05 and a 52-week high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data 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. The business had revenue of $882.95 million during the quarter, compared to analyst estimates of $857.73 million. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $1.97 EPS. 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, sell-side analysts predict that Veeva Systems will post 6.45 EPS for the current fiscal year.

Insider Buying and Selling at Veeva Systems

In related news, Director Priscilla Hung sold 750 shares of Veeva Systems stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $155.64, for a total value of $116,730.00. Following the completion of the transaction, the director owned 3,253 shares in the company, valued at $506,296.92. The trade was a 18.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Veeva Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Jensen Investment Management Inc. boosted its holdings in Veeva Systems by 1,924.5% in the 3rd quarter. Jensen Investment Management Inc. now owns 413,213 shares of the technology company’s stock worth $123,100,000 after buying an additional 392,802 shares during the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Veeva Systems in the third quarter valued at about $422,241,000. ABN AMRO Bank N.V. acquired a new stake in shares of Veeva Systems in the third quarter valued at about $246,625,000. Robeco Institutional Asset Management B.V. raised its position in shares of Veeva Systems by 11.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 892,070 shares of the technology company’s stock valued at $199,137,000 after buying an additional 90,703 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Veeva Systems by 293.4% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 26,979 shares of the technology company’s stock valued at $8,037,000 after buying an additional 20,121 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Trending Headlines about Veeva Systems

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

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.