Veeva Systems (NYSE:VEEV) Price Target Raised to $315.00 at Barclays

Key Points

• Barclays raised Veeva Systems’ price target to $315 from $275 and maintained an “overweight” rating, implying roughly 10.5% upside from the prior close.
• Veeva reported quarterly earnings of $2.35 per share on $927.96 million in revenue, beating estimates of $2.22 and $905.38 million, respectively; revenue increased 17.6% year over year.
• Analyst sentiment remains positive, with 19 buy ratings, eight holds and one sell rating, producing a “Moderate Buy” consensus and an average target of $272.96. Shares closed at $284.98 after rising $40.07.

Veeva Systems (NYSE:VEEV - Get Free Report) had its target price boosted by analysts at Barclays from $275.00 to $315.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's target price would indicate a potential upside of 10.53% from the company's previous close.

A number of other equities analysts have also weighed in on VEEV. Royal Bank Of Canada increased their price target on Veeva Systems from $275.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday. Morgan Stanley boosted their price objective on Veeva Systems from $215.00 to $275.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group raised their target price on shares of Veeva Systems from $190.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday. Stifel Nicolaus set a $300.00 target price on shares of Veeva Systems in a research report on Thursday. Finally, Robert W. Baird upped their price target on shares of Veeva Systems from $250.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, June 4th. Nineteen investment 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $272.96.

Veeva Systems Stock Performance

Shares of NYSE VEEV traded up $40.07 during trading on Thursday, hitting $284.98. The company had a trading volume of 2,666,684 shares, compared to its average volume of 2,455,288. Veeva Systems has a 52 week low of $148.05 and a 52 week high of $310.50. The business's 50-day moving average is $203.41 and its 200 day moving average is $183.04. The company has a market cap of $46.29 billion, a P/E ratio of 50.75, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.13. The business had revenue of $927.96 million during the quarter, compared to analyst estimates of $905.38 million. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The company's revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $1.99 EPS. 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. On average, research analysts expect that Veeva Systems will post 6.65 EPS for the current year.

Insider Buying and Selling

In other news, insider Thomas D. Schwenger sold 36,000 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the transaction, the insider directly owned 19,449 shares in the company, valued at $4,866,723.27. The trade was a 64.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.60% of the company's stock.

Institutional Investors Weigh In On Veeva Systems

Several institutional investors and hedge funds have recently modified their holdings of VEEV. Giverny Capital Inc. bought a new stake in Veeva Systems during the second quarter worth approximately $16,852,000. CYBER HORNET ETFs LLC bought a new position in shares of Veeva Systems in the second quarter valued at approximately $72,000. California State Teachers Retirement System raised its position in shares of Veeva Systems by 16,590.3% in the second quarter. California State Teachers Retirement System now owns 39,388,224 shares of the technology company's stock valued at $6,990,228,000 after purchasing an additional 39,152,230 shares during the period. Washington Trust Advisors Inc. lifted its stake in shares of Veeva Systems by 7.5% in the second quarter. Washington Trust Advisors Inc. now owns 49,843 shares of the technology company's stock worth $8,846,000 after buying an additional 3,475 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of Veeva Systems by 14.1% during the 2nd quarter. Wedmont Private Capital now owns 1,938 shares of the technology company's stock worth $368,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds 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: Fiscal Q2 revenue rose 17.6% year over year to approximately $928 million, exceeding the $905 million consensus estimate. Adjusted earnings of $2.35 per share also beat expectations of $2.22 and increased from $1.99 a year earlier. Veeva Announces Fiscal 2027 Second Quarter Results
• Positive Sentiment: Management issued fiscal Q3 revenue guidance of $932 million to $935 million and EPS guidance of $2.33 to $2.34, both above Wall Street estimates. Full-year fiscal 2027 EPS guidance of $9.21 also topped the $8.58 consensus, while revenue guidance was raised above expectations.
• Positive Sentiment: AI momentum and strong customer adoption supported the outlook. Veeva reported record CRM performance, said Vault CRM maintains more than 70% market share, and expects its first Veeva Falcon AI deployments to go live this year. Veeva Q2 Earnings Call Highlights
• Positive Sentiment: Several firms raised their targets following the report: RBC increased its target to $325 and retained an “outperform” rating; Guggenheim raised its target to $310 with a “buy” rating; and Truist lifted its target to $305, also maintaining a “buy” rating. These revisions helped validate the bullish market reaction.
• Neutral Sentiment: UBS raised its target substantially to $290 but kept a “neutral” rating, indicating that the firm sees limited additional upside after the recent rally. Benzinga analyst coverage
• Negative Sentiment: Morgan Stanley increased its target to $275 but maintained an “equal weight” rating, placing its valuation below the current trading level and highlighting potential near-term valuation risk. Morgan Stanley price-target update

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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