Veeva Systems (NYSE:VEEV) Given New $273.00 Price Target at Citigroup

Veeva Systems (NYSE:VEEV) had its price objective lifted by stock analysts at Citigroup from $190.00 to $273.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Citigroup’s price target indicates a potential downside of 3.63% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Oppenheimer lifted their price objective on Veeva Systems from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. Robert W. Baird increased their target price on Veeva Systems from $260.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday. Guggenheim raised their target price on Veeva Systems from $276.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings upgraded Veeva Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $340.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.46.

Veeva Systems Stock Up 0.4%

VEEV stock traded up $1.15 during midday trading on Friday, reaching $283.28. The company’s stock had a trading volume of 626,683 shares, compared to its average volume of 2,467,295. Veeva Systems has a 52 week low of $148.05 and a 52 week high of $310.50. The stock has a market cap of $46.02 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 1.05 and a beta of 0.92. The business’s 50-day simple moving average is $206.00 and its 200-day simple moving average is $183.73.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The firm had revenue of $927.96 million during the quarter, compared to analyst estimates of $905.38 million. Veeva Systems had a net margin of 29.34% and a return on equity of 14.37%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.99 EPS. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. As a group, equities analysts forecast that Veeva Systems will post 6.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 36,000 shares of Veeva Systems stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the transaction, the insider owned 19,449 shares in the company, valued at $4,866,723.27. The trade was a 64.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by company insiders.

Institutional Trading of Veeva Systems

A number of large investors have recently bought and sold shares of VEEV. Williams Jones Wealth Management LLC. raised its holdings in Veeva Systems by 0.4% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock worth $2,806,000 after buying an additional 40 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Veeva Systems by 0.7% in the second quarter. Rafferty Asset Management LLC now owns 6,881 shares of the technology company’s stock valued at $1,982,000 after buying an additional 51 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Veeva Systems by 8.1% in the third quarter. Brown Brothers Harriman & Co. now owns 719 shares of the technology company’s stock valued at $214,000 after buying an additional 54 shares during the period. Main Management ETF Advisors LLC increased its position in shares of Veeva Systems by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 5,481 shares of the technology company’s stock worth $1,224,000 after acquiring an additional 56 shares in the last quarter. Finally, Root Financial Partners LLC increased its position in shares of Veeva Systems by 17.1% during the fourth quarter. Root Financial Partners LLC now owns 383 shares of the technology company’s stock worth $85,000 after acquiring an additional 56 shares in the last quarter. 88.20% of the stock is owned by institutional investors.

Veeva Systems News Summary

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

• Positive Sentiment: Q2 results exceeded expectations: Revenue increased 17.6% year over year to $928.0 million, surpassing the $905.4 million consensus estimate, while adjusted EPS of $2.35 beat expectations of approximately $2.23. Veeva Announces Fiscal 2027 Second Quarter Results
• Positive Sentiment: Guidance was raised above Wall Street forecasts: Veeva projected fiscal Q3 revenue of $932 million to $935 million and EPS of $2.33 to $2.34, both ahead of consensus. Full-year fiscal 2027 EPS guidance of $9.21 and revenue guidance of approximately $3.7 billion also exceeded analyst estimates. Veeva Systems Q2 Earnings and Revenues Beat Estimates, Stock Up
• Positive Sentiment: AI and CRM momentum support the growth outlook: Management highlighted strong demand for Falcon AI, record Vault CRM execution and continued adoption of its R&D cloud. The company expects its first Falcon customer deployments this year, reinforcing expectations that AI can contribute to future revenue growth. VEEV Q2 Earnings Call Centers on Falcon and CRM Momentum
• Positive Sentiment: Analyst support strengthened: Several firms raised price targets after the report, including RBC to $325, Barclays to $315, Guggenheim to $310 and Baird to $300. Veeva’s approximately $2 billion buyback, substantial cash and investments, and minimal debt also provide support for EPS growth and financial resilience. Veeva Systems PT Raised to $325 at RBC
• Neutral Sentiment: Despite multiple target increases, UBS, Morgan Stanley, BMO and Canaccord maintained neutral or market-perform ratings, suggesting some analysts believe much of the improved outlook is already reflected in the stock price.
• Negative Sentiment: Valuation remains a risk: Veeva trades at a relatively high earnings multiple after its post-earnings surge, while several revised targets—including those from BMO, Canaccord and Morgan Stanley—remain below the recent share price, limiting near-term upside according to those firms.

Veeva Systems Company Profile

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.