Veeva Systems (NYSE:VEEV) Price Target Raised to $305.00 at Truist Financial

Key Points

• Truist Financial raised Veeva Systems’ price target to $305 from $262 and maintained a Buy rating, implying 24.63% potential upside. Analysts overall hold a “Moderate Buy” consensus, with an average target of $260.08.
• Veeva reported strong fiscal second-quarter results, with revenue up 17.6% year over year to $927.96 million and EPS of $2.35 topping the $2.22 consensus estimate. Management also issued quarterly and full-year guidance above Wall Street expectations.
• Despite the earnings and guidance beats, shares slipped 0.8% and trade at roughly 44 times earnings, leaving the stock sensitive to valuation concerns and the pace of new-product adoption.

Veeva Systems (NYSE:VEEV - Get Free Report) had its price objective hoisted by equities researchers at Truist Financial from $262.00 to $305.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Truist Financial's price target points to a potential upside of 24.63% from the company's previous close.

A number of other brokerages have also commented on VEEV. Weiss Ratings upgraded shares of Veeva Systems from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. UBS Group cut their price objective on shares of Veeva Systems from $220.00 to $190.00 and set a "neutral" rating for the company in a research report on Thursday, June 4th. BNP Paribas Exane restated an "outperform" rating and set a $285.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. Citigroup upped their target price on Veeva Systems from $176.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, June 4th. Finally, Guggenheim increased their target price on Veeva Systems from $232.00 to $276.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $260.08.

Veeva Systems Trading Down 0.8%

VEEV opened at $244.72 on Thursday. Veeva Systems has a 1-year low of $148.05 and a 1-year high of $310.50. The stock's fifty day simple moving average is $203.41 and its 200 day simple moving average is $183.04. The stock has a market cap of $39.75 billion, a PE ratio of 43.62, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92.

Veeva Systems (NYSE:VEEV - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.13. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The firm had revenue of $927.96 million during the quarter, compared to analysts' expectations of $905.38 million. During the same period in the previous year, the business posted $1.99 earnings per share. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. Equities analysts forecast that Veeva Systems will post 6.65 earnings per share for the current year.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 36,000 shares of Veeva Systems stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total value of $9,008,280.00. Following the completion of the sale, the insider directly owned 19,449 shares in the company, valued at approximately $4,866,723.27. The trade was a 64.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company's stock.

Hedge Funds Weigh In On Veeva Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. SHP Wealth Management acquired a new stake in shares of Veeva Systems during the 4th quarter worth $26,000. Activest Wealth Management raised its stake in Veeva Systems by 3,175.0% in the fourth quarter. Activest Wealth Management now owns 131 shares of the technology company's stock valued at $29,000 after purchasing an additional 127 shares in the last quarter. MV Capital Management Inc. acquired a new position in Veeva Systems in the fourth quarter valued at about $30,000. Reflection Asset Management acquired a new position in Veeva Systems in the fourth quarter valued at about $32,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in Veeva Systems during the fourth quarter worth about $33,000. Institutional investors own 88.20% of the company's stock.

Key Stories Impacting Veeva Systems

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

• Positive Sentiment: Veeva reported fiscal Q2 revenue of $928.0 million, up 17.6% year over year, while EPS of $2.35 exceeded the $2.22 analyst consensus. Subscription revenue increased 16% to $766.8 million. Veeva Announces Fiscal 2027 Second Quarter Results
• Positive Sentiment: Management issued fiscal Q3 revenue guidance of approximately $932 million-$935 million and EPS guidance of $2.33-$2.34, both above Wall Street expectations. Full-year fiscal 2027 EPS guidance of $9.21 and revenue guidance of about $3.7 billion also exceeded consensus estimates. Veeva Q2 2027 Earnings Call Transcript
• Positive Sentiment: Executives highlighted continued strength in Vault CRM, targeting more than 70% market share, and said the first Falcon customer deployments are expected this year. AI-related capabilities are also contributing to demand and revenue growth. Veeva CRM and Falcon Update
• Positive Sentiment: Needham reaffirmed its Buy rating, while Piper Sandler initiated coverage, adding favorable analyst attention following the earnings release. Needham Reaffirms Buy Rating
• Neutral Sentiment: Analyst commentary emphasized Veeva’s combination of recurring growth, strong margins and financial strength, but the stock’s elevated valuation—around 44 times earnings—leaves less room for execution or guidance disappointments.
• Negative Sentiment: The modest decline in the shares despite the earnings and guidance beats suggests investors may be taking profits or were already pricing in strong results. Near-term sentiment could remain sensitive to valuation and the pace of new product adoption.

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.

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