Veeva price target raised to $304 from $254 at BofA

BofA raised the firm’s price target on Veeva (VEEV) to $304 from $254 and keeps a Neutral rating on the shares following “a strong start to FY26.” Q1 strength and guidance underscore healthy demand across Veeva, says the analyst, who continues to see a long runway for growth in R&D. Though the firm raised its price target to reflect earnings upside potential, it reiterates a Neutral rating on valuation and growing competitive risk from Salesforce (CRM).