Canaccord Genuity Group Issues Pessimistic Forecast for Veeva Systems (NYSE:VEEV) Stock Price

Posted by Mark Dietrich on Mar 5th, 2026

Veeva Systems (NYSE:VEEV – Get Free Report) had its price objective lowered by stock analysts at Canaccord Genuity Group from $280.00 to $235.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Canaccord Genuity Group’s target price would suggest a potential upside of 19.72% from the stock’s current price.

A number of other research firms have also recently issued reports on VEEV. Needham & Company LLC cut their target price on shares of Veeva Systems from $355.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets started coverage on shares of Veeva Systems in a research note on Thursday, November 13th. They issued a “market perform” rating and a $300.00 target price on the stock. Truist Financial reaffirmed a “buy” rating and set a $262.00 price objective (down from $275.00) on shares of Veeva Systems in a research note on Thursday. The Goldman Sachs Group assumed coverage on Veeva Systems in a report on Tuesday, January 13th. They issued a “sell” rating and a $215.00 price objective for the company. Finally, UBS Group boosted their target price on Veeva Systems from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday. Eighteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $283.12.

Read Our Latest Stock Analysis on Veeva Systems

Veeva Systems Stock Performance

Shares of VEEV stock traded up $7.81 during mid-day trading on Thursday, reaching $196.29. The company’s stock had a trading volume of 5,019,755 shares, compared to its average volume of 2,261,502. Veeva Systems has a 1-year low of $168.13 and a 1-year high of $310.50. The company has a market cap of $32.27 billion, a P/E ratio of 38.19, a PEG ratio of 1.28 and a beta of 1.09. The firm’s 50-day moving average is $204.58 and its two-hundred day moving average is $248.39.

Veeva Systems (NYSE:VEEV – Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. The company had revenue of $835.95 million for the quarter, compared to analyst estimates of $810.95 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company 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. Sell-side analysts anticipate that Veeva Systems will post 4.35 EPS for the current year.

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

Insider Activity at Veeva Systems

In related news, insider Thomas D. Schwenger sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the sale, the insider directly owned 23,204 shares of the company’s stock, valued at approximately $5,370,101.72. The trade was a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.30% of the stock is currently owned by insiders.

Institutional Trading of Veeva Systems

Several hedge funds and other institutional investors have recently modified their holdings of VEEV. GPS Wealth Strategies Group LLC grew its stake in shares of Veeva Systems by 196.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after buying an additional 55 shares in the last quarter. SHP Wealth Management bought a new position in shares of Veeva Systems in the 4th quarter valued at about $26,000. Board of the Pension Protection Fund bought a new position in shares of Veeva Systems in the 4th quarter valued at about $27,000. Raiffeisen Bank International AG acquired a new position in shares of Veeva Systems during the 3rd quarter worth about $28,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Veeva Systems by 322.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Key Headlines Impacting Veeva Systems

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

Positive Sentiment: Q4 beat and bullish guidance: Veeva reported $836M in revenue (up ~16%) and $2.06 EPS, topping estimates, and issued Q1 and FY‑27 guidance above consensus — a clear near‑term catalyst supporting the rally. Veeva Systems’ Stock Up After Q4 Earnings & Revenues Beat Estimates
Positive Sentiment: Subscription strength & agentic/AI momentum: subscription revenue grew ~16–17% and management highlighted “agentic” AI capabilities and CRM expansion potential that underpin longer‑term revenue diversification. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
Positive Sentiment: Longer‑term CRM opportunity: Veeva signaled CRM could reach ~10% of revenue by 2030 as AI adoption builds — supporting upside if execution continues. Veeva signals CRM to comprise 10% of revenue by 2030 as AI momentum builds
Neutral Sentiment: Mixed-but-supportive analyst reactions: several firms cut price targets but kept buy/overweight ratings (e.g., TD Cowen, Piper, Needham cuts), while others raised or kept targets (Stifel, Truist reaffirmation, Morgan Stanley). The net effect is continued analyst interest but varied valuation views. Veeva Systems Analyst Says AI Push Keeps Stock Attractive
Negative Sentiment: Analysts trimmed forecasts/targets: several shops cut models and targets after the print, signaling concerns about decelerating growth and margin pressure despite the beat — a potential headwind for sentiment if future quarters slow. These Analysts Cut Their Forecasts On Veeva Systems Following Q4 Results
Negative Sentiment: Competitive and execution risks remain: pre‑earnings coverage highlighted CRM competition and AI adoption challenges — key risks to watch in upcoming quarters as management executes on CRM and AI initiatives. Veeva Systems under pressure as earnings loom amid CRM competition

Veeva Systems Company Profile

(Get Free Report)

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.