Stifel Boosts Veeva Systems Target to $275 Amid Strong Earnings Outlook

Shares of Veeva Systems (NYSE:VEEV) surged 2.9% in the morning as Wall Street analysts lifted their price targets while keeping a Buy call. Stifel’s David Grossman maintained a Buy rating and raised the target to $275 from $230, citing growing confidence in the company’s business model and clearer visibility on its CRM transition. Barclays analyst Saket Kalia also lifted his target to $275 from $235, keeping a Buy stance. After the initial rally, the stock settled at $245.05, a 2.8% gain from the prior close.

Veeva has climbed 11.6% year‑to‑date but remains 20% below its 52‑week high of $306.22 set in October 2025. Over the past year the shares have seen 13 moves of more than 5%, with the largest 10.8% jump four months ago driven by strong earnings and a broader lift in the SaaS sector. Peers such as Atlassian, Salesforce, ServiceNow and Twilio also posted gains after upbeat forecasts and AI‑related headlines, creating a favorable backdrop for software stocks.

A five‑year investment of $1,000 in Veeva would now be worth only $773.89.

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