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 year. There are currently 11 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" VEEV shares.
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24 brokers have issued 12 month target prices for Veeva Systems' stock. Their VEEV share price forecasts range from $170.00 to $275.00. On average, they predict the company's share price to reach $214.33 in the next year. This suggests a possible upside of 23.9% from the stock's current price.
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Veeva Systems' stock was trading at $255.48 at the start of the year. Since then, VEEV shares have decreased by 32.3% and is now trading at $173.03.
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Veeva Systems saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,100,000 shares, a decline of 23.6% from the October 31st total of 2,750,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is presently 1.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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Veeva Systems Inc. (NYSE:VEEV) issued its quarterly earnings results on Wednesday, December, 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The technology company had revenue of $476.11 million for the quarter, compared to the consensus estimate of $465.31 million. Veeva Systems had a net margin of 19.08% and a trailing twelve-month return on equity of 13.17%. During the same period in the prior year, the company earned $0.54 EPS.

Veeva Systems updated its FY 2023 earnings guidance on Thursday, December, 1st. The company provided earnings per share (EPS) guidance of $4.19-$4.19 for the period, compared to the consensus estimate of $4.15. The company issued revenue guidance of $2.14 billion-$2.15 billion, compared to the consensus revenue estimate of $2.14 billion.

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 institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (8.60%), Vanguard Group Inc. (8.56%), Artisan Partners Limited Partnership (6.05%), BlackRock Inc. (5.93%), Alliancebernstein L.P. (3.81%) and State Street Corp (1.87%). 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 $173.03.

Veeva Systems (NYSE:VEEV) has a market capitalization of $26.87 billion and generates $1.85 billion in revenue each year. The technology company earns $427.39 million in net income (profit) each year or $2.45 on an earnings per share basis.

The company employs 5,482 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.