Royal Bank Of Canada Lowers Veeva Systems (NYSE:VEEV) Price Target to $275.00

Veeva Systems (NYSE:VEEV) had its price objective lowered by equities researchers at Royal Bank Of Canada from $330.00 to $275.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 39.92% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Barclays reduced their target price on Veeva Systems from $305.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Canaccord Genuity Group reiterated a “buy” rating on shares of Veeva Systems in a research report on Tuesday, November 25th. Needham & Company LLC cut their price target on shares of Veeva Systems from $355.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company reduced their price target on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Finally, Wall Street Zen lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Nineteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and a consensus target price of $287.96.

Veeva Systems Price Performance

Veeva Systems stock traded up $8.06 during midday trading on Thursday, reaching $196.54. The company’s stock had a trading volume of 1,497,011 shares, compared to its average volume of 2,199,906. The stock has a market capitalization of $32.31 billion, a P/E ratio of 38.24, a PEG ratio of 1.28 and a beta of 1.09. The stock’s 50-day simple moving average is $204.58 and its 200-day simple moving average is $248.39. Veeva Systems has a 52-week low of $168.13 and a 52-week high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. The firm had revenue of $835.95 million during the quarter, compared to analyst estimates of $810.95 million. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. Veeva Systems’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $1.74 EPS. 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 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider directly owned 23,204 shares of the company’s stock, valued at $5,370,101.72. This represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Veeva Systems

A number of hedge funds have recently made changes to their positions in VEEV. Sivia Capital Partners LLC raised its stake in Veeva Systems by 225.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock valued at $899,000 after purchasing an additional 2,164 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Veeva Systems during the second quarter worth $32,000. Sigma Planning Corp raised its position in shares of Veeva Systems by 1.2% in the second quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock valued at $958,000 after buying an additional 39 shares during the last quarter. Prosperity Consulting Group LLC purchased a new position in shares of Veeva Systems in the second quarter worth about $334,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Veeva Systems in the second quarter worth about $1,879,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Trending Headlines about Veeva Systems

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

• Positive Sentiment: Q4 results and forward guidance topped consensus — Q4 EPS $2.06 vs. $1.92 expected and revenue ~$836M (≈+16% YoY). Management raised FY‑27 EPS guidance to ~8.85 (well above Street) and Q1 EPS to $2.13–2.14 with revenue guidance above estimates; these beat-and-raise details are the main driver of the intraday strength. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Market and media commentary sees Veeva positioned to withstand AI-related software headwinds — coverage highlights that Veeva’s niche life‑sciences cloud and “agentic” CRM momentum reduce AI-disruption risk, supporting the rally. Veeva Systems Stock Rallies After Earnings
• Positive Sentiment: Adoption of Vault CRM accelerating — Veeva says 125+ customers are live on Vault CRM and expects CRM to become a meaningful revenue stream (management signaled CRM could be ~10% of revenue by 2030), supporting longer‑term growth and synergy with Veeva AI. More Than 125 Customers Worldwide Live on Vault CRM
• Neutral Sentiment: Morgan Stanley nudged its target up to $215 and kept an “equal weight” stance — a modest positive signal but not an outright upgrade; implies cautious near‑term view despite some upside (~14% vs. current price). Morgan Stanley raises target to $215
• Negative Sentiment: Piper Sandler cut its price target from $355 to $285 (still “overweight”) — the reduction trims upside expectations and reflects more conservative modeling despite the beat; new PT still implies material upside vs. the current price. Piper Sandler lowers target to $285
• Negative Sentiment: Needham also lowered its target (from $355 to $270, maintaining a “buy”) — another analyst trimming estimates, which increases near‑term volatility even though the revised targets still imply sizable upside from today’s levels. Needham lowers target to $270

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.