Veeva Systems (VEEV) Stock Forecast & Price Target

$226.88 -0.07 (-0.03%)

(As of 11/26/2024 ET)

Veeva Systems - Analysts' Recommendations and Stock Price Forecast (2024)

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 24 Analyst Ratings

Sell
1

Hold
8

Buy
15

Based on 24 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 24 analysts, 1 has given a sell rating, 8 have given a hold rating, and 15 have given a buy rating for VEEV.

Consensus Price Target

$236.92
4.42% Upside

According to the 24 analysts' twelve-month price targets for Veeva Systems, the average price target is $236.92. The highest price target for VEEV is $286.00, while the lowest price target for VEEV is $173.00. The average price target represents a forecasted upside of 4.42% from the current price of $226.88.

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VEEV Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)	16 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$236.92	$233.13	$230.41	$218.83
Forecasted Upside	4.42% Upside	9.85% Upside	15.58% Upside	26.26% 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	2.58	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.24% Upside	525.43% Upside	6.74% 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
11/18/2024	Scotiabank 5 of 5 stars	A. Verkhovski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$235.00	+9.98%
11/8/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$240.00 ➝ $260.00	+9.71%
11/8/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$250.00 ➝ $275.00	+15.84%
11/8/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$230.00 ➝ $280.00	+25.34%
11/8/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$260.00 ➝ $260.00	+16.39%
10/28/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$251.00 ➝ $245.00	+15.44%
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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%
9/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$203.00 ➝ $208.00	-6.04%
9/3/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$197.00 ➝ $207.00	-4.36%
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%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$204.00 ➝ $240.00	+20.39%
8/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$256.00 ➝ $273.00	+37.72%
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%
5/31/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$220.00 ➝ $210.00	+20.90%
5/31/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$250.00 ➝ $210.00	+20.71%
5/31/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Materne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	In-Line ➝ In-Line	$230.00 ➝ $200.00	+13.97%
5/31/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$210.00 ➝ $173.00	-10.91%
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%
10/25/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$211.00 ➝ $229.00	+16.20%
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%
12/6/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$184.00	+10.02%
12/2/2022	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$242.00 ➝ $233.00	+21.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:32 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 Monday, November 25, 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. recently reported a quarterly earnings per share (EPS) of $1.07, exceeding analysts' expectations of $1.04, indicating strong financial performance and effective management.
The current stock price is $216.59, reflecting a solid market position and potential for growth, especially given the company's market capitalization of approximately $35.07 billion.
Analysts have a consensus rating of "Moderate Buy" for Veeva Systems Inc., with a price target averaging $236.92, suggesting that there is room for stock appreciation.
The company has a net margin of 23.91%, which indicates efficient operations and profitability, making it an attractive option for investors seeking stable returns.
Veeva Systems Inc. operates in the growing life sciences sector, providing cloud-based software solutions, which positions it well to capitalize on increasing demand for technology in healthcare.

Veeva Systems
Bear Case

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

The stock has experienced fluctuations, with a 52-week high of $240.68 and a low of $165.12, indicating volatility that could pose risks for investors.
Despite positive earnings, the price-to-earnings (P/E) ratio is currently at 57.76, which may suggest that the stock is overvalued compared to its earnings, potentially limiting future price appreciation.
Recent insider selling, with a 4.00% decrease in ownership, could signal a lack of confidence from those closest to the company, which may concern potential investors.
While the company has a strong return on equity of 13.30%, the competitive landscape in the technology sector, particularly in life sciences, could impact future growth prospects.
Analysts have mixed ratings, with one sell rating among eight hold ratings and sixteen buy ratings, indicating uncertainty in market sentiment regarding the stock's future performance.

VEEV Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Veeva Systems is $236.92, with a high forecast of $286.00 and a low forecast of $173.00.
: 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last twelve months. There is currently 1 sell rating, 8 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VEEV shares.
: According to analysts, Veeva Systems's stock has a predicted upside of 4.42% based on their 12-month stock forecasts.
: Veeva Systems has been rated by research analysts at Bank of America, Barclays, BNP Paribas, Guggenheim, JPMorgan Chase & Co., Needham & Company LLC, Piper Sandler, Raymond James, Robert W. Baird, Royal Bank of Canada, Scotiabank, TD Cowen, and Truist Financial in the past 90 days.
: Analysts like Veeva Systems less than other "computer and technology" companies. The consensus rating score for Veeva Systems is 2.58 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how VEEV compares to other companies.

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This page (NYSE:VEEV) was last updated on 11/26/2024 by MarketBeat.com Staff

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Veeva Systems (VEEV) Stock Forecast & Price Target