Veeva Systems (VEEV) Stock Forecast & Price Target

$224.15 +4.48 (+2.04%)

(As of 12/20/2024 05:31 PM ET)

Veeva Systems - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 27 Analyst Ratings

Sell
1

Hold
8

Buy
18

Based on 27 Wall Street analysts who have issued ratings for Veeva Systems in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 27 analysts, 1 has given a sell rating, 8 have given a hold rating, and 18 have given a buy rating for VEEV.

Consensus Price Target

$257.44
14.85% Upside

According to the 27 analysts' twelve-month price targets for Veeva Systems, the average price target is $257.44. The highest price target for VEEV is $307.00, while the lowest price target for VEEV is $192.00. The average price target represents a forecasted upside of 14.85% from the current price of $224.15.

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VEEV Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$257.44	$236.92	$229.96	$214.14
Forecasted Upside	14.85% Upside	9.38% Upside	8.96% Upside	12.20% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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VEEV Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

VEEV Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Veeva Systems Stock vs. The Competition

Type	Veeva Systems	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.63	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	14.85% Upside	265.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent VEEV News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/20/2024	Stephens 4 of 5 stars	J. Garro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$280.00	+27.46%
12/17/2024	Morgan Stanley 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$183.00 ➝ $195.00	-12.60%
12/16/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$208.00 ➝ $218.00	-4.23%
12/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$281.00 ➝ $307.00	+22.77%
12/6/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Verkhovski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$235.00 ➝ $240.00	-4.80%
12/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$260.00 ➝ $275.00	+9.86%
Get the Latest News and Ratings for VEEV and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Veeva Systems and its competitors with MarketBeat's FREE daily newsletter.
12/6/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$220.00 ➝ $245.00	-4.09%
12/6/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$280.00 ➝ $290.00	+13.44%
12/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$275.00 ➝ $285.00	+12.20%
12/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$275.00 ➝ $285.00	+23.03%
12/6/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$240.00 ➝ $272.00	+17.41%
12/6/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$207.00 ➝ $261.00	+12.67%
12/6/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$210.00 ➝ $270.00	+16.55%
12/6/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$280.00 ➝ $290.00	+25.18%
12/6/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$260.00 ➝ $270.00	+16.55%
12/6/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$275.00 ➝ $283.00	+22.16%
12/4/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Valiquette Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform ➝ Outperform	$275.00 ➝ $275.00	+21.44%
10/8/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Degasperi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$286.00	+41.70%
10/1/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$233.00 ➝ $249.00	+20.00%
8/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$180.00 ➝ $192.00	-11.20%
8/29/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$230.00 ➝ $235.00	+12.28%
8/26/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$185.00 ➝ $215.00	+7.47%
7/9/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Larsen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$240.00	+31.21%
3/5/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$232.00 ➝ $250.00	+10.67%
3/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$225.00 ➝ $270.00	+21.62%
3/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$219.00 ➝ $248.00	+10.30%
2/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$225.00	+2.46%
3/2/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform	$215.00 ➝ $230.00	+38.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:01 PM ET.

Should I Buy Veeva Systems Stock? VEEV Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Veeva Systems pros and cons to contact@marketbeat.com.

Veeva Systems
Bull Case

Here are some ways that investors could benefit from investing in Veeva Systems Inc.:

Veeva Systems Inc. has received multiple upgrades from analysts recently, with target prices raised by firms like Bank of America and Robert W. Baird, indicating strong market confidence in the company's growth potential.
The stock is currently trading at $229.27, which is below the consensus target price of $255.35, suggesting potential for price appreciation as the market corrects.
With a market capitalization of approximately $37.13 billion, Veeva Systems Inc. is well-positioned in the life sciences sector, providing cloud-based software solutions that are increasingly in demand.
The company has a strong consensus rating of "Moderate Buy," with 18 analysts recommending a buy, which reflects positive sentiment among market experts.
Veeva Systems Inc. has demonstrated resilience with a 1-year high of $258.93, showcasing its ability to maintain value in a fluctuating market.

Veeva Systems
Bear Case

Investors should be bearish about investing in Veeva Systems Inc. for these reasons:

The stock has experienced insider selling, with significant shares sold by executives, which may indicate a lack of confidence in the stock's short-term performance.
Veeva Systems Inc. has a relatively high P/E ratio of 57.40, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Despite the positive ratings, one analyst has issued a sell rating, highlighting potential risks that could affect the stock's performance.
The stock's recent trading volume of 203,985 shares is significantly lower than its average volume of 980,485, indicating reduced investor interest and potential volatility.
With a beta of 0.82, the stock is less volatile than the market, which may limit potential gains during bullish market conditions.

VEEV Forecast - Frequently Asked Questions

: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Veeva Systems is $257.44, with a high forecast of $307.00 and a low forecast of $192.00.
: 27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last year. There is currently 1 sell rating, 8 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VEEV shares.
: According to analysts, Veeva Systems's stock has a predicted upside of 14.85% based on their 12-month stock forecasts.
: Veeva Systems has been rated by research analysts at Bank of America, Barclays, BNP Paribas, Canaccord Genuity Group, Citigroup, Evercore ISI, Guggenheim, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Scotiabank, Stephens, Stifel Nicolaus, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Veeva Systems less than other "computer and technology" companies. The consensus rating score for Veeva Systems is 2.63 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how VEEV compares to other companies.

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This page (NYSE:VEEV) was last updated on 12/22/2024 by MarketBeat.com Staff

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Veeva Systems (VEEV) Stock Forecast & Price Target