Veeva price target lowered to $190 from $215 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Veeva (VEEV) to $190 from $215 and keeps a Sell rating on the shares. Veeva’s Q4 results beat Street estimates modestly, driven largely by Professional Services, while FY27 subscription revenue guidance came in roughly in line with consensus, with services slightly higher, the analyst tells investors in a research note. Key factors for future growth include the ramp of specific product cycles, the final composition of CRM commitments, and adoption of AI in R&D workflows, though questions around CRM competition and Veeva’s role in the broader AI stack may constrain near-term share performance, Goldman says.