Veeva Systems: Not A Likely Victim Of Total AI Disruption - Buy The Dip (Upgrade)
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Gary Alexander33.57K FollowersFollow5ShareSavePlay(9min)CommentsSummaryVeeva Systems Inc. is upgraded to a Buy as valuation resets after a 30% YTD decline, despite continued strong fundamentals.VEEV’s specialized, regulated software for life sciences makes it resilient to AI disruption and entrenched with major industry players.Revenue and billings growth remain in the mid-teens, with FY27 guidance targeting low-teens growth and mid-40s margins—approaching the Rule of 60.VEEV boasts a fortress balance sheet with $6.5B in cash and no debt, making its current enterprise value highly attractive. Tom Werner/DigitalVision via Getty Images Though the stock market has managed to quickly claw back all of the losses since the Iran conflict began, underneath a flat YTD S&P 500 (SP500) is a deep recession in software stocks, promptedThis article was written byGary Alexander33.57K FollowersFollowWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.Analyst’s Disclosure: I/we have a beneficial long position in the shares of VEEV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.