Veeva Systems (VEEV) Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VEEV shares.
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24 brokers have issued 1 year price objectives for Veeva Systems' shares. Their VEEV share price forecasts range from $170.00 to $250.00. On average, they predict the company's share price to reach $216.74 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
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Veeva Systems' stock was trading at $161.38 at the beginning of the year. Since then, VEEV shares have increased by 25.1% and is now trading at $201.87.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
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Veeva Systems Inc. (NYSE:VEEV) released its quarterly earnings results on Wednesday, August, 30th. The technology company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.08. The technology company earned $590.23 million during the quarter, compared to analysts' expectations of $582.28 million. Veeva Systems had a trailing twelve-month return on equity of 10.89% and a net margin of 24.20%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share.

ETFs with the largest weight of Veeva Systems (NYSE:VEEV) stock in their portfolio include Sterling Capital Focus Equity ETF (LCG), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Fidelity Digital Health ETF (FDHT), Direxion Daily Cloud Computing Bull 2x (CLDL), VanEck Morningstar Wide Moat ETF (MOAT), First Trust Dow Jones Internet Index Fund (FDN), Fidelity Disruptive Medicine ETF (FMED) and Goldman Sachs Future Health Care Equity ETF (GDOC).

Veeva Systems updated its third quarter 2024 earnings guidance on Thursday, August, 31st. The company provided earnings per share guidance of $1.26-$1.27 for the period, compared to the consensus EPS estimate of $1.25. The company issued revenue guidance of $614.00 million-$616.00 million, compared to the consensus revenue estimate of $621.75 million.

202 employees have rated Veeva Systems Chief Executive Officer Peter Gassner on Glassdoor.com. Peter Gassner has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Veeva Systems investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), PayPal (PYPL), Shopify (SHOP), Walt Disney (DIS), Adobe (ADBE), Netflix (NFLX), Trade Desk (TTD) and Block (SQ).

Veeva Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "VEEV."

Veeva Systems' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (61.41%), Artisan Partners Limited Partnership (6.60%), BlackRock Inc. (5.28%), Alliancebernstein L.P. (4.86%), State Street Corp (1.86%) and Nuveen Asset Management LLC (1.52%). Insiders that own company stock include Alan Mateo, Brent R Bowman, Eleni Nitsa Zuppas, Frederic Lequient, Jonathan Faddis, Joseph Christopher Hays, Mary Lynne Hedley, Matthew J Wallach, Matthew J Wallach, Michele O'connor, Paul Edward Chamberlain, Paul J Sekhri, Peter P Gassner, Ronald E F Codd, Steven L Fasman, Thomas D Schwenger, Timothy C Barabe and Timothy S Cabral.
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Shares of VEEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VEEV stock can currently be purchased for approximately $201.87.

Veeva Systems (NYSE:VEEV) has a market capitalization of $32.43 billion and generates $2.23 billion in revenue each year. The technology company earns $487.71 million in net income (profit) each year or $3.32 on an earnings per share basis.

The company employs 6,744 workers across the globe.

Veeva Systems' mailing address is 4280 HACIENDA DRIVE, PLEASANTON CA, 94588. The official website for the company is www.veeva.com. The technology company can be reached via phone at (925) 452-6500, via email at ir@veeva.com, or via fax at 925-452-6504.