Veeva Systems (NYSE:VEEV) Price Target Lowered to $270.00 at Needham & Company LLC

Key Points

• Needham cut its price target on Veeva from $355 to $270 but kept a "buy" rating, implying roughly a 44% upside from the current share price.
• Q4 beat and strong guidance: Veeva topped estimates with $2.06 EPS and $835.95M revenue, and raised FY‑27 guidance (EPS ~8.85) and Q1 guidance (2.13–2.14), bolstering confidence in Vault CRM adoption and AI-driven growth.
• Shareholder-friendly move: The board authorized a $2.0 billion buyback (about 5.5% of shares) and institutional ownership is high (~88.2%), signaling strong investor support.

Veeva Systems (NYSE:VEEV - Get Free Report) had its price objective decreased by equities research analysts at Needham & Company LLC from $355.00 to $270.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Needham & Company LLC's target price would indicate a potential upside of 43.55% from the company's current price.

VEEV has been the topic of a number of other reports. BMO Capital Markets began coverage on shares of Veeva Systems in a report on Thursday, November 13th. They set a "market perform" rating and a $300.00 target price on the stock. KeyCorp restated a "sector weight" rating on shares of Veeva Systems in a research note on Friday, December 12th. Truist Financial upgraded shares of Veeva Systems from a "hold" rating to a "buy" rating in a research note on Thursday, January 8th. The Goldman Sachs Group assumed coverage on Veeva Systems in a report on Tuesday, January 13th. They set a "sell" rating and a $215.00 price target for the company. Finally, Morgan Stanley upped their price objective on Veeva Systems from $205.00 to $215.00 and gave the company an "equal weight" rating in a research note on Thursday. Eighteen equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $287.67.

Veeva Systems Price Performance

Shares of NYSE:VEEV opened at $188.09 on Thursday. The company's 50-day moving average price is $204.58 and its two-hundred day moving average price is $248.39. Veeva Systems has a one year low of $168.13 and a one year high of $310.50. The stock has a market capitalization of $30.92 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.09.

Veeva Systems (NYSE:VEEV - Get Free Report) last released its earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.14. The business had revenue of $835.95 million for 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%.Veeva Systems's revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, analysts anticipate that Veeva Systems will post 4.35 earnings per share for the current fiscal year.

Veeva Systems declared that its board has authorized a stock repurchase program on Monday, January 5th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the business's stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the completion of the sale, the insider owned 23,204 shares of the company's stock, valued at $5,370,101.72. The trade was a 4.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 10.30% of the company's stock.

Hedge Funds Weigh In On Veeva Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Veeva Systems by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 15,429,231 shares of the technology company's stock worth $4,596,522,000 after buying an additional 457,806 shares in the last quarter. Alliancebernstein L.P. grew its position in Veeva Systems by 4.1% in the third quarter. Alliancebernstein L.P. now owns 5,941,631 shares of the technology company's stock valued at $1,770,071,000 after acquiring an additional 235,983 shares during the last quarter. Principal Financial Group Inc. raised its stake in Veeva Systems by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 3,870,293 shares of the technology company's stock worth $863,978,000 after acquiring an additional 23,416 shares in the last quarter. State Street Corp raised its stake in Veeva Systems by 2.4% during the fourth quarter. State Street Corp now owns 3,589,425 shares of the technology company's stock worth $801,267,000 after acquiring an additional 85,695 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Veeva Systems by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,476,258 shares of the technology company's stock worth $1,035,622,000 after acquiring an additional 159,984 shares during the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Veeva Systems

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

• Positive Sentiment: Q4 beat and raised guidance — Veeva reported $836M in Q4 revenue (up ~16% YoY) and $2.06 non‑GAAP EPS, both above consensus; management issued FY‑27 EPS and revenue targets well above Street expectations, and Q1 guidance also topped forecasts, underpinning the rally. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Strong guidance detail — Company gave FY‑27 EPS guidance of ~8.85 (above consensus ~7.59) and Q1 EPS of 2.13–2.14 (well above consensus), plus revenue guidance ahead of estimates, improving forward visibility for investors. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Vault CRM adoption & AI momentum — Veeva said more than 125 customers are live on Vault CRM and signals CRM could be ~10% of revenue by 2030 as its agentic CRM and Veeva AI rollout accelerate, supporting a multi-year growth runway and TAM expansion. More Than 125 Customers Worldwide Live on Vault CRM
• Positive Sentiment: Analyst/media support on durability vs. AI fears — Several outlets and analysts flagged Veeva’s vertical focus and product positioning (Vault CRM + AI) as reasons it can withstand broader software/AI disruption concerns, helping sentiment. Veeva Systems Stock Rallies After Earnings
• Neutral Sentiment: Investor materials available — Full earnings release, presentation and call transcript were posted (useful for modeling and management commentary on CRM adoption and margins). These provide detail but no new surprise beyond the beat/guidance. Q4 Earnings Call Transcript
• Negative Sentiment: Analyst cuts and mixed reactions — Some analysts trimmed forecasts after the print (notably highlighted by coverage that some firms reduced estimates despite the beat), which could limit upside and add volatility as investors re‑work models. These Analysts Cut Their Forecasts On Veeva Systems Following Q4 Results
• Negative Sentiment: Competition and past management disclosures — Pre‑earnings coverage highlighted competitive pressure in CRM and a prior management disclosure that led to short‑term weakness; these competitive dynamics remain a watch item for longer‑term margin and share gains. Veeva Systems (VEEV) Retreated Following Management’s Competitive Losses Disclosure

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.

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