Veeva Systems Inc [VEEV] stock prices are up 2.87% to $232.24 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VEEV shares have gain 4.12% over the last week, with a monthly amount glided 6.81%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Veeva Systems Inc [NYSE: VEEV] stock has seen the most recent analyst activity on January 23, 2025, when Goldman downgraded its rating to a Sell and also revised its price target to $200 from $261. Previously, Stephens started tracking the stock with Overweight rating on December 20, 2024, and set its price target to $280. On December 04, 2024, Mizuho initiated with a Outperform rating and assigned a price target of $275 on the stock. Scotiabank started tracking the stock assigning a Sector Perform rating and suggested a price target of $235 on November 19, 2024. Exane BNP Paribas initiated its recommendation with a Outperform and recommended $286 as its price target on October 08, 2024. Citigroup reiterated a Buy rating for this stock on August 27, 2024, and upped its price target to $273. In a note dated July 09, 2024, BTIG Research initiated an Buy rating and provided a target price of $240 on this stock.
The stock price of Veeva Systems Inc [VEEV] has been fluctuating between $170.25 and $258.93 over the past year. Currently, Wall Street analysts expect the stock to reach $236.14 within the next 12 months. Veeva Systems Inc [NYSE: VEEV] shares were valued at $232.24 at the most recent close of the market. An investor can expect a potential return of 1.68% based on the average VEEV price forecast.
Analyzing the VEEV fundamentals
The Veeva Systems Inc [NYSE:VEEV] reported sales of 2.66B for trailing twelve months, representing a surge of 13.41%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.13 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 226.70 points at the first support level, and at 221.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 236.22, and for the 2nd resistance point, it is at 240.19.
Ratios To Look Out For
It’s worth pointing out that Veeva Systems Inc [NYSE:VEEV]’s Current Ratio is 6.36. Further, the Quick Ratio stands at 6.36, while the Cash Ratio is 1.22. Considering the valuation of this stock, the price to sales ratio is 14.19, the price to book ratio is 6.85 and price to earnings (TTM) ratio is 57.38.
Transactions by insiders
Recent insider trading involved Faddis Jonathan, SVP, Gen. Counsel, Secretary, that happened on Dec 04 ’24 when 1694.0 shares were sold. Officer, Faddis Jonathan completed a deal on Dec 04 ’24 to buy 1694.0 shares. Meanwhile, Pres. & Chief Customer Officer Schwenger Thomas D. sold 1126.0 shares on Nov 08 ’24.
