Veeva Systems Inc (VEEV) Stock Forecast & Predictions

Veeva Systems Inc - Class A VEEV: $306.7

4280 Hacienda Dr, Pleasanton, California, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: www.veeva.com

  • Market Cap$42.37B
  • Change (52 Weeks)35.31%
  • Low (52 Weeks)$228.81
  • Veeva Systems Inc (VEEV) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Veeva Systems Inc (VEEV) stock price is $306.7 and the 52 weeks low is $228.81, which means the Veeva Systems Inc stock price is up 35.31% in the last 12 months.

    Veeva Systems Inc (VEEV) Stock Price has been Trending Strongly with an ADX reading of 26.32 as per the Weekly Chart.

    A Upward trend indicates that Veeva Systems Inc (VEEV) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that VEEV Stock price might rise further, 31.25% indicating that VEEV Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall VEEV stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Veeva Systems Inc (VEEV) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Veeva Systems Inc (VEEV) is based on 29 Institutional Analyst Ratings where 41.38% are on Strong Buy, 31.03% on Moderate Buy, 24.14% remains on Hold, 0.00% are on Moderate Sell and 3.45% are on Strong Sell.

    Out of 29 Institutional Analysts, majority recommended VEEV stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Veeva Systems Inc.

    Veeva Systems Inc (VEEV) Stock Price Prediction By Analysts


    HighLowAverage
    $378.00$272.70$339.81
    $339.8110.79% Upside
    Updated: 2021-06-18 00:00:00

    The Average Price target for VEEV set by the institutional analysts is $339.81 where High Estimate is $378.00, Median $346.8 and Low $272.70.

    The average price target for VEEV by Institutional Analysts is $339.81, which is 10.79% Upside from the current price. So according to the Institutional Analysts, VEEV Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Veeva Systems Inc (VEEV) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 433,085 investor portfolio.

    Our algorithm has analysed 433,085 investor portfolio with VEEV stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about VEEV and holding their positions hoping for a further rise in the stock price and more profit.

    Veeva Systems Inc (VEEV) Stock Forecast Based on News Sentiment


    Bullish
    Based on 17 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about VEEV, it shows that Veeva Systems Inc had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that VEEV stock price may surge in the next few weeks.

    Veeva Systems Inc (VEEV) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Piper SandlerOverweightMaintained
    Morgan StanleyOverweightMaintained
    CitigroupBuyMaintained
    BarclaysEqual-WeightMaintained
    UBSNeutralUpgraded
    CitigroupBuyMaintained
    SVB LeerinkMarket PerformMaintained
    Piper SandlerOverweightMaintained
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    KeyBancOverweightInitiated
    JP MorganUnderweightDowngraded
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    Raymond JamesOutperformMaintained
    UBSSellInitiated
    Morgan StanleyOverweightMaintained
    SVB LeerinkMarket PerformMaintained
    Raymond JamesOutperformMaintained
    Piper SandlerOverweightMaintained
    NeedhamBuyMaintained
    Canaccord GenuityHoldMaintained
    B of A SecuritiesBuyMaintained
    Morgan StanleyOverweightMaintained
    FBN SecuritiesOutperformInitiated
    Stephens & Co.OverweightInitiated
    BairdOutperformMaintained
    CitigroupBuyInitiated
    Morgan StanleyOverweightMaintained
    SVB LeerinkMarket PerformMaintained
    Raymond JamesOutperformReiterated
    Piper SandlerOverweightMaintained
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    CFRAHoldMaintained
    Canaccord GenuityHoldMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyOverweightMaintained
    Piper SandlerOverweightMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Morgan StanleyOverweightMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyOverweightMaintained
    CFRAHoldMaintained
    BairdOutperformMaintained
    B of A SecuritiesBuyReiterated
    BairdOutperformInitiated
    Piper SandlerOverweightInitiated
    Morgan StanleyOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    Canaccord GenuityHoldMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Raymond JamesOutperformUpgraded
    Morgan StanleyEqual-WeightMaintained
    SunTrust Robinson HumphreyBuyMaintained
    StifelBuyMaintained
    Stephens & Co.OverweightMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    JP MorganNeutralMaintained
    JMP SecuritiesMarket OutperformMaintained
    GuggenheimBuyMaintained
    DA DavidsonBuyMaintained
    Canaccord GenuityHoldMaintained
    BarclaysEqual-WeightMaintained
    Stifel NicolausBuyMaintained
    Bank of AmericaBuyMaintained
    Goldman SachsNeutralInitiated
    Stephens & Co.OverweightUpgraded
    KeyBancOverweightMaintained
    JP MorganNeutralMaintained
    JMP SecuritiesMarket OutperformMaintained
    Deutsche BankHoldMaintained
    Canaccord GenuityHoldMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyEqual-WeightDowngraded
    Stifel NicolausBuyMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    JMP SecuritiesMarket OutperformMaintained
    Deutsche BankHoldMaintained
    BarclaysEqual-WeightMaintained
    Morgan StanleyOverweightMaintained
    BarclaysEqual-WeightInitiated
    Stephens & Co.Equal-WeightInitiated
    Leerink SwannOutperformInitiated
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    Morgan StanleyOverweightMaintained
    Stifel NicolausBuyMaintained
    Bank of AmericaBuyMaintained
    Canaccord GenuityHoldDowngraded
    Stifel NicolausBuyMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    JP MorganNeutralMaintained
    Deutsche BankHoldMaintained
    Canaccord GenuityBuyMaintained
    Morgan StanleyOverweightMaintained
    GuggenheimBuyInitiated
    Morgan StanleyOverweightMaintained
    SunTrust Robinson HumphreyBuyInitiated
    Morgan StanleyOverweightMaintained
    Deutsche BankHoldMaintained
    Canaccord GenuityBuyMaintained
    JMP SecuritiesMarket OutperformMaintained
    JP MorganNeutralDowngraded
    KeyBancOverweightMaintained
    Morgan StanleyOverweightMaintained
    Stifel NicolausBuyMaintained
    Canaccord GenuityBuyMaintained
    DA DavidsonBuyInitiated
    Morgan StanleyOverweightUpgraded
    Morgan StanleyEqual-WeightDowngraded
    Bank of AmericaBuyUpgraded
    JMP SecuritiesMarket OutperformUpgraded
    KeyBancOverweightMaintained
    Deutsche BankHoldMaintained
    JMP SecuritiesMarket PerformInitiated
    Goldman SachsNeutralInitiated
    Canaccord GenuityBuyMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    CitigroupNeutralMaintained
    Canaccord GenuityBuyMaintained
    Raymond JamesMarket PerformInitiated
    CitigroupNeutralMaintained
    Bank of AmericaNeutralInitiated
    Stifel NicolausBuyMaintained
    JP MorganOverweightMaintained
    Deutsche BankHoldMaintained
    CitigroupNeutralMaintained
    Canaccord GenuityBuyMaintained
    Morgan StanleyOverweightMaintained
    Leerink SwannMarket PerformMaintained
    CitigroupNeutralInitiated
    UBSBuyMaintained
    Canaccord GenuityBuyMaintained
    JMP SecuritiesMarket PerformInitiated
    Deutsche BankHoldMaintained
    Evercore ISI GroupBuyInitiated
    Leerink SwannMarket PerformMaintained
    Deutsche BankHoldDowngraded
    UBSBuyInitiated
    Stifel NicolausBuyUpgraded
    Deutsche BankBuyMaintained
    Leerink SwannMarket PerformInitiated
    William BlairOutperformInitiated
    Pacific CrestOutperformMaintained
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    Pacific CrestOutperformMaintained
    JP MorganOverweightInitiated
    Morgan StanleyOverweightUpgraded
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    Stifel NicolausHoldInitiated
    Pacific CrestOutperformInitiated
    Morgan StanleyEqual-WeightInitiated
    Deutsche BankBuyInitiated
    Canaccord GenuityBuyInitiated

    Veeva Systems Inc (VEEV) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.882
    The average consensus EPS for VEEV is $0.882 with a high estimate of $0.987 and Low of $0.784 for the period 2021-09-30 and based on 24 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.91$0.7967222022-03-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.7967222022-06-30
    $0.91$0.7967222022-03-31
    $0.78$0.69010142021-12-31
    $0.78$0.69318180000000012021-09-30
    $0.72$0.65196362021-06-30
    $0.66$0.59239562021-03-31
    $0.54$0.53113442020-12-31
    $0.6$0.54954542020-09-30
    $0.55$0.50167682020-06-30
    $0.5$0.457867800000000052020-03-31
    $0.45$0.408000000000000032019-12-31
    $0.45$0.38832422019-09-30
    $0.39$0.34340342019-06-30
    $0.33$0.31149782019-03-31
    $0.23$0.21711722018-12-31
    $0.25$0.21966722018-09-30
    $0.23$0.20035862018-06-30
    $0.22$0.184324200000000022018-03-31
    $0.22$0.17485862017-12-31
    $0.22$0.161741399999999982017-09-30
    $0.15$0.13262017-06-30
    $0.15$0.112200000000000012017-03-31
    $0.15$0.109843799999999992016-12-31
    $0.12$0.108803400000000012016-09-30
    $0.13$0.112200000000000012016-06-30
    $0.12$0.10014362016-03-31
    $0.12$0.092822015-12-31
    $0.09$0.08046782015-09-30
    $0.09$0.06994142015-06-30
    $0.07$0.05391722015-03-31
    $0.07$0.0594966000000000042014-12-31
    $0.06$0.0510000000000000042014-09-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).