William Blair analyst Dylan Becker has maintained their bullish stance on VEEV stock, giving a Buy rating today.
Dylan Becker has given his Buy rating due to a combination of factors that highlight Veeva Systems’ strong performance and promising outlook. The company ended the fiscal year on a high note, surpassing expectations with significant growth in both total and subscription revenues. This growth was fueled by substantial enterprise momentum, including a major subscription order from a top-20 customer and several wins in their CRM, commercial cloud, and data cloud offerings.
Furthermore, Veeva’s initial outlook for fiscal 2026 is robust, with revenue and billings projections exceeding consensus estimates, and operating profit margins notably high. Despite some ongoing challenges related to CRM transitions, the company’s consistent product momentum and expanding pipeline underscore the strategic importance of its platform. Additionally, the stock is currently undervalued compared to its peers, suggesting potential for price appreciation as the company continues to execute effectively and as market perceptions improve over time. Therefore, Becker maintains an Outperform rating, anticipating further upside in Veeva’s shares.
In another report released today, Barclays also maintained a Buy rating on the stock with a $275.00 price target.