Veeva Systems (NYSE:VEEV) Given New $270.00 Price Target at Needham & Company LLC

Veeva Systems (NYSE:VEEV) had its price target lowered by Needham & Company LLC from $355.00 to $270.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price indicates a potential upside of 43.55% from the stock’s current price.

Several other equities analysts also recently issued reports on VEEV. UBS Group dropped their price target on shares of Veeva Systems from $280.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. BMO Capital Markets initiated coverage on Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and set a $340.00 target price on shares of Veeva Systems in a report on Friday, November 21st. The Goldman Sachs Group assumed coverage on Veeva Systems in a research report on Tuesday, January 13th. They issued a “sell” rating and a $215.00 price target on the stock. Finally, KeyCorp restated a “sector weight” rating on shares of Veeva Systems in a research report on Friday, December 12th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $287.67.

Veeva Systems Stock Up 1.2%

Shares of VEEV stock opened at $188.09 on Thursday. The firm has a market capitalization of $30.92 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.28 and a beta of 1.09. Veeva Systems has a twelve month low of $168.13 and a twelve month high of $310.50. The stock’s fifty day simple moving average is $204.58 and its 200 day simple moving average is $248.39.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.14. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm had revenue of $835.95 million for the quarter, compared to analyst estimates of $810.95 million. During the same period last year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. As a group, equities research analysts expect that Veeva Systems will post 4.35 EPS for the current fiscal year.

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

Insider Transactions at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of Veeva Systems stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the completion of the sale, the insider owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.30% of the company’s stock.

Institutional Trading of Veeva Systems

Several institutional investors and hedge funds have recently made changes to their positions in VEEV. GPS Wealth Strategies Group LLC increased its holdings in shares of Veeva Systems by 196.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after purchasing an additional 55 shares during the period. SHP Wealth Management bought a new position in Veeva Systems in the 4th quarter worth about $26,000. Board of the Pension Protection Fund purchased a new stake in shares of Veeva Systems in the 4th quarter valued at about $27,000. Raiffeisen Bank International AG bought a new stake in shares of Veeva Systems during the 3rd quarter valued at about $28,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Veeva Systems by 322.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems News Roundup

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

• Positive Sentiment: Q4 beat and raised guidance — Veeva reported $836M in Q4 revenue (up ~16% YoY) and $2.06 non‑GAAP EPS, both above consensus; management issued FY‑27 EPS and revenue targets well above Street expectations, and Q1 guidance also topped forecasts, underpinning the rally. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Strong guidance detail — Company gave FY‑27 EPS guidance of ~8.85 (above consensus ~7.59) and Q1 EPS of 2.13–2.14 (well above consensus), plus revenue guidance ahead of estimates, improving forward visibility for investors. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Vault CRM adoption & AI momentum — Veeva said more than 125 customers are live on Vault CRM and signals CRM could be ~10% of revenue by 2030 as its agentic CRM and Veeva AI rollout accelerate, supporting a multi-year growth runway and TAM expansion. More Than 125 Customers Worldwide Live on Vault CRM
• Positive Sentiment: Analyst/media support on durability vs. AI fears — Several outlets and analysts flagged Veeva’s vertical focus and product positioning (Vault CRM + AI) as reasons it can withstand broader software/AI disruption concerns, helping sentiment. Veeva Systems Stock Rallies After Earnings
• Neutral Sentiment: Investor materials available — Full earnings release, presentation and call transcript were posted (useful for modeling and management commentary on CRM adoption and margins). These provide detail but no new surprise beyond the beat/guidance. Q4 Earnings Call Transcript
• Negative Sentiment: Analyst cuts and mixed reactions — Some analysts trimmed forecasts after the print (notably highlighted by coverage that some firms reduced estimates despite the beat), which could limit upside and add volatility as investors re‑work models. These Analysts Cut Their Forecasts On Veeva Systems Following Q4 Results
• Negative Sentiment: Competition and past management disclosures — Pre‑earnings coverage highlighted competitive pressure in CRM and a prior management disclosure that led to short‑term weakness; these competitive dynamics remain a watch item for longer‑term margin and share gains. Veeva Systems (VEEV) Retreated Following Management’s Competitive Losses Disclosure

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.