Veeva Systems Inc. (VEEV)
NYSE: VEEV · IEX Real-Time Price · USD
200.91
+1.82 (0.91%)
At close: Apr 26, 2024, 4:00 PM
200.71
-0.20 (-0.10%)
After-hours: Apr 26, 2024, 7:37 PM EDT
Veeva Systems Stock Forecast
Stock Price Forecast
The 23 analysts with 12-month price forecasts for Veeva Systems stock have an average target of 230.74, with a low estimate of 102 and a high estimate of 270. The average target predicts an increase of 14.85% from the current stock price of 200.91.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Veeva Systems stock from 23 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Buy | 11 | 10 | 10 | 10 | 10 | 10 |
| Hold | 7 | 7 | 7 | 7 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 24 | 24 | 24 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $260 | Strong Buy | Maintains | $260 | +29.41% | Apr 2, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $250 | Buy | Reiterates | $250 | +24.43% | Mar 27, 2024 |
| Raymond James | Raymond James | Buy Maintains $260 | Buy | Maintains | $260 | +29.41% | Mar 26, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $183 → $222 | Hold | Maintains | $183 → $222 | +10.50% | Mar 13, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $160 → $210 | Sell | Maintains | $160 → $210 | +4.52% | Mar 12, 2024 |
Financial Forecast
Revenue This Year
2.79B
from 2.36B
Increased by 17.91%
Revenue Next Year
3.17B
from 2.79B
Increased by 13.67%
EPS This Year
6.27
from 3.22
Increased by 94.70%
EPS Next Year
6.95
from 6.27
Increased by 10.87%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.9B | 3.3B | 3.8B | 4.3B | 4.7B |
| Avg | 2.8B | 3.2B | 3.5B | 3.9B | 4.6B |
| Low | 2.6B | 3.0B | 2.7B | 3.3B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.9% | 19.6% | 19.5% | 22.5% | 22.4% |
| Avg | 17.9% | 13.7% | 10.2% | 10.6% | 18.9% |
| Low | 11.9% | 6.8% | -14.9% | -6.5% | 14.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.50 | 7.44 | 8.71 | 8.13 | 8.25 |
| Avg | 6.27 | 6.95 | 7.80 | 7.53 | 8.02 |
| Low | 5.93 | 6.11 | 6.90 | 6.89 | 7.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 101.8% | 18.7% | 25.4% | 4.2% | 9.6% |
| Avg | 94.7% | 10.9% | 12.2% | -3.4% | 6.4% |
| Low | 84.1% | -2.6% | -0.7% | -11.7% | 2.3% |
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.