Veeva Systems (NYSE:VEEV) Upgraded at Truist Financial

Truist Financial upgraded shares of Veeva Systems (NYSE:VEEV) from a hold rating to a buy rating in a report released on Thursday morning, Marketbeat reports.

A number of other analysts also recently commented on VEEV. BMO Capital Markets initiated coverage on shares of Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 target price on the stock. KeyCorp restated a “sector weight” rating on shares of Veeva Systems in a research report on Friday, December 12th. TD Cowen raised Veeva Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $297.00 to $380.00 in a report on Tuesday, October 7th. Barclays cut their price objective on Veeva Systems from $325.00 to $305.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $330.00 target price on shares of Veeva Systems in a report on Monday, November 24th. Nineteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Veeva Systems currently has a consensus rating of “Moderate Buy” and an average price target of $307.42.

Veeva Systems Price Performance

VEEV opened at $240.31 on Thursday. The business has a 50 day moving average price of $246.97 and a two-hundred day moving average price of $271.04. The company has a market capitalization of $39.50 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Veeva Systems has a 1-year low of $201.54 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.09. The company had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. Equities analysts expect that Veeva Systems will post 4.35 EPS for the current fiscal year.

Veeva Systems declared that its board has authorized a stock repurchase plan on Monday, January 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Veeva Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Veeva Systems by 3.1% in the third quarter. Vanguard Group Inc. now owns 15,429,231 shares of the technology company’s stock worth $4,596,522,000 after purchasing an additional 457,806 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Veeva Systems by 4.1% during the 3rd quarter. Alliancebernstein L.P. now owns 5,941,631 shares of the technology company’s stock worth $1,770,071,000 after acquiring an additional 235,983 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Veeva Systems by 11.2% during the 3rd quarter. Principal Financial Group Inc. now owns 3,846,877 shares of the technology company’s stock valued at $1,146,040,000 after acquiring an additional 388,864 shares during the last quarter. State Street Corp raised its stake in shares of Veeva Systems by 2.2% in the 3rd quarter. State Street Corp now owns 3,503,730 shares of the technology company’s stock valued at $1,043,796,000 after acquiring an additional 76,397 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Veeva Systems by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,476,258 shares of the technology company’s stock worth $1,035,622,000 after purchasing an additional 159,984 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Key Veeva Systems News

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

• Positive Sentiment: Board-authorized buyback and new cloud launch: Veeva authorized up to US$2 billion to repurchase Class A shares and announced a new cloud offering—news that analysts and investors cited as the main reason for the earlier price jump. Why Veeva Systems (VEEV) Is Up 8.0% After US$2 Billion Buyback And New Cloud Launch
• Positive Sentiment: Large pharma customer commitment — Novo Nordisk expanded its commitment to Veeva Vault CRM for international operations, signaling strong enterprise demand and validation from a major global drugmaker. [PRNewswire] Novo Nordisk International Operations Commits to Veeva Vault CRM
• Positive Sentiment: Strategic partnership with BioMarin: A long-term deal to modernize development and commercialization workflows increases Veeva’s addressable services and tightens customer relationships—likely to support recurring revenue. Veeva and BioMarin Form Long-Term Strategic Partnership
• Positive Sentiment: Product expansion — Veeva launched an Environmental Monitoring solution to modernize manufacturing quality control, expanding its manufacturing QC suite and upsell potential within life-science customers. Veeva Announces Environmental Monitoring Solution to Modernize Quality Control in Manufacturing
• Positive Sentiment: Analyst sentiment improving: Truist upgraded Veeva from Hold to Buy and Stifel issued a buy—upgrades that can boost demand from institutional investors and support the valuation multiple.
• Neutral Sentiment: Investor events and visibility: Veeva is scheduled to present at the J.P. Morgan 2026 Healthcare Conference, giving management an opportunity to highlight strategy and guidance to active investors. Veeva to Present at the J.P. Morgan 2026 Healthcare Conference
• Neutral Sentiment: Long-term performance stories and market pages (background/context) are circulating, but they’re more narrative than immediate catalysts. Here’s how much you’d have if you invested $1000 in Veeva Systems a decade ago

About Veeva Systems

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.