TD Cowen has upgraded Veeva Systems Inc (VEEV) to a Buy rating from Hold as of October 6, 2025. This change reflects a more optimistic outlook on the company's future prospects, suggesting improved fundamentals or enhanced confidence in its strategic direction.
Veeva Systems, headquartered in Pleasanton, California, provides industry cloud solutions for the global life sciences sector. The company, which employs 7,291 full-time staff, offers a range of products across four categories: Veeva Development Cloud, Veeva Quality Cloud, Veeva Commercial Cloud, and Veeva Data Cloud. As of November 20, 2025, Veeva's market capitalization stands at $44.5 billion, with a price-to-earnings ratio of 54.92 and earnings per share of 4.87.
Upcoming earnings reports are anticipated on May 26, 2026, with an estimated EPS of $2.08 and revenue of $859.9 million, and on March 3, 2026, with an estimated EPS of $1.93 and revenue of $816.6 million.
Analyst ratings serve as professional opinions based on research and financial models, offering insights that can aid investment decisions. However, it's essential to consider various factors, including company fundamentals and industry trends, when evaluating such ratings. Analyst views can evolve over time, reflecting new information and differing opinions among analysts.
This upgrade adds to a recent trend of positive analyst sentiment toward Veeva, with multiple upgrades from firms like JP Morgan and Mizuho in recent months. The current analyst consensus remains a Buy, with 11 Strong Buy, 17 Buy, 10 Hold, 2 Sell, and no Strong Sell ratings as of November 1, 2025.