Veeva Systems VEEV has been analyzed by 26 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 12 | 7 | 1 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 7 | 6 | 1 | 0 |
| 2M Ago | 2 | 4 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Veeva Systems, presenting an average target of $264.27, a high estimate of $307.00, and a low estimate of $195.00. Observing a 7.81% increase, the current average has risen from the previous average price target of $245.13.
Breaking Down Analyst Ratings: A Detailed Examination
A clear picture of Veeva Systems's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Craig Hettenbach | Morgan Stanley | Raises | Underweight | $195.00 | $183.00 |
| Anne Samuel | JP Morgan | Raises | Neutral | $218.00 | $208.00 |
| Tyler Radke | Citigroup | Raises | Buy | $307.00 | $281.00 |
| Steven Valiquette | Mizuho | Raises | Outperform | $280.00 | $275.00 |
| Allan Verkhovski | Scotiabank | Raises | Sector Perform | $240.00 | $235.00 |
| Saket Kalia | Barclays | Raises | Overweight | $275.00 | $260.00 |
| Kirk Materne | Evercore ISI Group | Raises | In-Line | $245.00 | $220.00 |
| Brad Sills | B of A Securities | Raises | Neutral | $290.00 | $280.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $285.00 | $275.00 |
| David Grossman | Stifel | Raises | Buy | $272.00 | $240.00 |
| Stan Berenshteyn | Wells Fargo | Raises | Overweight | $285.00 | $275.00 |
| Jailendra Singh | Truist Securities | Raises | Hold | $261.00 | $207.00 |
| David Hynes | Canaccord Genuity | Raises | Hold | $270.00 | $210.00 |
| Joe Vruwink | Baird | Raises | Outperform | $283.00 | $275.00 |
| Ryan MacDonald | Needham | Raises | Buy | $270.00 | $260.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $290.00 | $280.00 |
| Steven Valiquette | Mizuho | Announces | Outperform | $275.00 | - |
| Allan Verkhovski | Scotiabank | Announces | Sector Perform | $235.00 | - |
| David Grossman | Stifel | Raises | Buy | $240.00 | $210.00 |
| Saket Kalia | Barclays | Raises | Overweight | $260.00 | $240.00 |
| Rishi Jaluria | RBC Capital | Raises | Outperform | $275.00 | $250.00 |
| Ryan MacDonald | Needham | Maintains | Buy | $260.00 | $260.00 |
| Brent Bracelin | Piper Sandler | Raises | Overweight | $280.00 | $230.00 |
| Joe Vruwink | Baird | Lowers | Outperform | $245.00 | $251.00 |
| Andrew DeGasperi | Exane BNP Paribas | Announces | Outperform | $286.00 | - |
| Jack Wallace | Guggenheim | Raises | Buy | $249.00 | $233.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Veeva Systems. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Veeva Systems compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Veeva Systems's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Veeva Systems's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Veeva Systems analyst ratings.
Discovering Veeva Systems: A Closer Look
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.
Veeva Systems: Financial Performance Dissected
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Veeva Systems's remarkable performance in 3 months is evident. As of 31 October, 2024, the company achieved an impressive revenue growth rate of 13.41%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Health Care sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 26.57%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Veeva Systems's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.48%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Veeva Systems's ROA excels beyond industry benchmarks, reaching 2.91%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.01, Veeva Systems adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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