Veeva Systems Inc. (VEEV)
NYSE: VEEV · IEX Real-Time Price · USD
182.85
+1.18 (0.65%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Veeva Systems Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Veeva Systems stock have an average target of 227.43, with a low estimate of 173 and a high estimate of 270. The average target predicts an increase of 24.38% from the current stock price of 182.85.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Veeva Systems stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 5 |
| Buy | 10 | 10 | 10 | 10 | 10 | 8 |
| Hold | 7 | 7 | 6 | 6 | 7 | 7 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 24 | 24 | 23 | 23 | 24 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Reiterates $250 | Buy | Reiterates | $250 | +36.72% | Jun 21, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $203 → $197 | Hold | Maintains | $203 → $197 | +7.74% | Jun 14, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $274 → $256 | Strong Buy | Maintains | $274 → $256 | +40.01% | Jun 3, 2024 |
| UBS | UBS | Hold Maintains $235 → $185 | Hold | Maintains | $235 → $185 | +1.18% | May 31, 2024 |
| Barclays | Barclays | Buy Maintains $245 → $220 | Buy | Maintains | $245 → $220 | +20.32% | May 31, 2024 |
Financial Forecast
Revenue This Year
2.76B
from 2.36B
Increased by 16.77%
Revenue Next Year
3.11B
from 2.76B
Increased by 12.50%
EPS This Year
6.29
from 3.22
Increased by 95.23%
EPS Next Year
6.93
from 6.29
Increased by 10.23%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.9B | 3.3B | 3.7B | 4.3B | 4.8B |
| Avg | 2.8B | 3.1B | 3.5B | 3.9B | 4.4B |
| Low | 2.6B | 2.9B | 3.3B | 3.7B | 4.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.7% | 18.6% | 20.2% | 21.7% | 22.1% |
| Avg | 16.8% | 12.5% | 12.7% | 12.8% | 12.6% |
| Low | 11.9% | 6.4% | 4.9% | 4.8% | 4.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.55 | 7.38 | 8.59 | 9.66 | 11.20 |
| Avg | 6.29 | 6.93 | 7.77 | 8.78 | 9.99 |
| Low | 5.98 | 6.39 | 7.08 | 8.10 | 9.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 103.5% | 17.4% | 24.0% | 24.3% | 27.7% |
| Avg | 95.2% | 10.2% | 12.2% | 12.9% | 13.8% |
| Low | 85.7% | 1.7% | 2.1% | 4.3% | 4.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.