Needham & Company Lowers Veeva Systems Price Target

Analysts cite market conditions in reducing price target for cloud software company.

Published on Mar. 6, 2026

Got story updates? Submit your updates here. ›

Needham & Company LLC has lowered its price target for Veeva Systems (NYSE:VEEV) from $355.00 to $270.00, while maintaining a 'buy' rating on the stock. The technology company's stock has been the subject of several analyst reports in recent months, with Citigroup and Morgan Stanley also adjusting their price targets. Veeva Systems is a cloud software provider focused on the life sciences industry, offering a range of content management, clinical, regulatory, quality, and commercial applications.

Why it matters

Veeva Systems is a leading provider of cloud-based software solutions for the life sciences industry, and its stock performance is closely watched by investors and analysts. The revised price target from Needham & Company reflects broader market conditions and investor sentiment, which could impact Veeva's growth trajectory and competitive positioning going forward.

The details

In a research note, Needham & Company cited the current market environment in lowering its price target for Veeva Systems from $355.00 to $270.00, while maintaining a 'buy' rating on the stock. Other analysts have also recently adjusted their views on Veeva, with Citigroup reducing its target from $349.00 to $319.00 and Morgan Stanley lifting its target from $205.00 to $215.00. Veeva Systems provides a range of cloud-based software solutions tailored to the life sciences industry, including content management, clinical trial, regulatory, quality, and commercial applications.

  • Needham & Company released its updated price target and rating on Veeva Systems on March 6, 2026.

The players

Needham & Company LLC

An investment banking and asset management firm that provides research coverage and price targets for Veeva Systems.

Veeva Systems

A cloud software company that develops industry-specific applications and data solutions for the global life sciences sector.

Citigroup

A global financial services company that has also provided research coverage and price targets for Veeva Systems.

Morgan Stanley

A multinational investment bank and financial services company that has also adjusted its price target for Veeva Systems.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.