Veeva Systems (VEEV) Stock Forecast, Price & News

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last twelve months. There are currently 11 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VEEV shares.
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24 Wall Street research analysts have issued twelve-month price targets for Veeva Systems' stock. Their VEEV share price forecasts range from $170.00 to $240.00. On average, they anticipate the company's share price to reach $203.09 in the next year. This suggests a possible upside of 22.6% from the stock's current price.
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Veeva Systems' stock was trading at $161.38 at the beginning of 2023. Since then, VEEV stock has increased by 2.7% and is now trading at $165.70.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 31st 2023.
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Veeva Systems Inc. (NYSE:VEEV) issued its earnings results on Wednesday, December, 1st. The technology company reported $0.97 earnings per share 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 trailing twelve-month return on equity of 12.42% and a net margin of 22.63%. During the same period last year, the business earned $0.54 earnings per share.

ETFs with the largest weight of Veeva Systems (NYSE:VEEV) stock in their portfolio include Sterling Capital Focus Equity ETF (LCG), Fidelity Digital Health ETF (FDHT), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Direxion Daily Cloud Computing Bull 2x (CLDL), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Goldman Sachs Future Health Care Equity ETF (GDOC), American Century Mid Cap Growth Impact (MID) and IQ Winslow Focused Large Cap Growth ETF (IWFG).

Veeva Systems updated its FY24 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of $4.59 for the period, compared to the consensus EPS estimate of $4.32. The company issued revenue guidance of $2.36-$2.37 billion, compared to the consensus revenue estimate of $2.36 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 variety of institutional and retail investors. Top institutional investors include Artisan Partners Limited Partnership (6.42%), BlackRock Inc. (5.31%), Price T Rowe Associates Inc. MD (4.87%), State Street Corp (1.83%), Wellington Management Group LLP (1.52%) and Geode Capital Management LLC (1.35%). 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 $165.70.

Veeva Systems (NYSE:VEEV) has a market capitalization of $26.48 billion and generates $2.16 billion in revenue each year. The technology company earns $487.71 million in net income (profit) each year or $3.01 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.