Veeva Systems (NYSE:VEEV) Given New $275.00 Price Target at Royal Bank Of Canada

Veeva Systems (NYSE:VEEV) had its target price lowered by Royal Bank Of Canada from $330.00 to $275.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 39.92% from the company’s previous close.

Several other research firms have also recently issued reports on VEEV. JPMorgan Chase & Co. cut their price objective on shares of Veeva Systems from $330.00 to $296.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Barclays decreased their target price on shares of Veeva Systems from $305.00 to $250.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Wells Fargo & Company cut their price target on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Wall Street Zen lowered shares of Veeva Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, BMO Capital Markets assumed coverage on Veeva Systems in a report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price objective on the stock. Nineteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $287.96.

Veeva Systems Price Performance

Veeva Systems stock traded up $8.06 during trading on Thursday, reaching $196.54. 1,497,011 shares of the company were exchanged, compared to its average volume of 2,199,906. Veeva Systems has a 52-week low of $168.13 and a 52-week high of $310.50. The company 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 two-hundred day simple moving average is $248.39.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.12. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The company had revenue of $835.95 million during the quarter, compared to analysts’ expectations of $810.95 million. During the same period in the prior year, the business earned $1.74 EPS. The firm’s quarterly revenue 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 analysts forecast that Veeva Systems will post 4.35 earnings per share for the current year.

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

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $231.43, for a total value of $231,430.00. Following the sale, the insider owned 23,204 shares of the company’s stock, valued at $5,370,101.72. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Veeva Systems

A number of institutional investors have recently modified their holdings of the company. Jensen Investment Management Inc. grew its stake in Veeva Systems by 1,924.5% in the 3rd quarter. Jensen Investment Management Inc. now owns 413,213 shares of the technology company’s stock worth $123,100,000 after acquiring an additional 392,802 shares during the period. Principal Financial Group Inc. lifted its stake 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 worth $1,146,040,000 after purchasing an additional 388,864 shares during the period. Alphinity Investment Management Pty Ltd acquired a new stake in shares of Veeva Systems during the third quarter worth $422,241,000. Compass Wealth Management LLC acquired a new stake in shares of Veeva Systems during the third quarter worth $18,694,000. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of Veeva Systems in the third quarter valued at $246,625,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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.