Veeva Systems Stock Drop Looks Sharp, But How Deep Can It Go?
Veeva Systems (VEEV) stock is down 16.8% in 5 trading days. The recent slide reflects renewed concerns around slowing growth in its Vault CRM segment and lower-than-expected retention of top pharma clients, but sharp drops like this often raise a tougher question: is the weakness temporary, or a sign of deeper cracks in the story?
Before judging its downturn reslience, let’s look at where Veeva Systems stands today.
- Size: Veeva Systems is a $40 Bil company with $3.0 Bil in revenue currently trading at $244.06.
- Fundamentals: Last 12 month revenue growth of 15.3% and operating margin of 26.9%.
- Liquidity: Has Debt to Equity ratio of 0.0 and Cash to Assets ratio of 0.8
- Valuation: Veeva Systems stock is currently trading at P/E multiple of 49.3 and P/EBIT multiple of 49.9
- Has one instance since 2010 where it dipped >30% in < 30 days and subsequently returned 3.8% within a year. See VEEV Dip Buy Analysis.
These metrics point to a Strong operational performance, alongside Very High valuation – making the stock Relatively Expensive. For details, see Buy or Sell VEEV Stock
That brings us to the key consideration for investors worried about this fall: how resilient is VEEV stock if markets turn south? This is where our downturn resilience framework comes in. Suppose VEEV stock falls another 20-30% to $171 – can investors comfortably hold on? Turns out, the stock saw an impact slightly better than the S&P 500 index during various economic downturns, based on (a) how much the stock fell and, (b) how quickly it recovered. Below, we dive deeper into each such downturn.
2022 Inflation Shock
- VEEV stock fell 55.7% from a high of $341.00 on 5 August 2021 to $151.10 on 14 October 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- The stock is yet to recover to its pre-Crisis high
- The highest the stock has reached since then is $306.22 on 7 October 2025 , and currently trades at $244.06
| VEEV | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -55.7% | -25.4% |
| Time to Full Recovery | Not Fully Recovered | 464 days |
2020 Covid Pandemic
- VEEV stock fell 26.7% from a high of $164.97 on 20 February 2020 to $120.93 on 16 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 14 April 2020
| VEEV | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -26.7% | -33.9% |
| Time to Full Recovery | 29 days | 148 days |
2018 Correction
- VEEV stock fell 26.5% from a high of $108.87 on 28 September 2018 to $80.01 on 24 December 2018 vs. a peak-to-trough decline of 19.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 25 January 2019
| VEEV | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -26.5% | -19.8% |
| Time to Full Recovery | 32 days | 120 days |
Feeling jittery about VEEV stock? Consider portfolio approach.
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