Veeva Systems - VEEV Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last year. There are currently 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VEEV shares.
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23 analysts have issued 12-month price targets for Veeva Systems' stock. Their VEEV share price forecasts range from $170.00 to $240.00. On average, they expect the company's stock price to reach $208.65 in the next twelve months. This suggests a possible upside of 22.3% 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 5.7% and is now trading at $170.63.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Veeva Systems Inc. (NYSE:VEEV) posted its earnings results on Thursday, December, 1st. The technology company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. The technology company had revenue of $552.35 million for the quarter, compared to the consensus estimate of $545.78 million. Veeva Systems had a trailing twelve-month return on equity of 12.81% and a net margin of 19.08%.

Veeva Systems issued an update on its FY 2023 earnings guidance on Saturday, December, 31st. The company provided EPS guidance of $4.19-$4.19 for the period, compared to the consensus EPS 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 variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.29%), Riverbridge Partners LLC (0.23%), Allspring Global Investments Holdings LLC (0.21%), Congress Asset Management Co. MA (0.16%), ARK Investment Management LLC (0.14%) and Chicago Capital LLC (0.12%). 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 $170.63.

Veeva Systems (NYSE:VEEV) has a market capitalization of $26.57 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.