Bristol Myers Squibb Adopts Veeva Systems Inc. (VEEV)’s Veeva Vault CRM, Boosting Market Confidence

We recently compiled a list of the 12 Best Healthcare Stocks to Buy and Hold for 5 Years. Veeva Systems Inc. is one of them.

Veeva Systems Inc. (NYSE:VEEV), a leading provider of cloud-based software for the life sciences industry, continues to expand its influence through platforms such as Veeva Commercial Cloud, Data Cloud, and Development Cloud. Serving more than 1,500 global customers, the company operates as a Public Benefit Corporation, reflecting its commitment to balancing stakeholder interests.

A major endorsement came recently from Bristol Myers Squibb, which adopted Veeva Vault CRM, reinforcing VEEV’s strong position in the sector. Looking ahead, the company will host a Virtual Investor Day on October 16, 2025, expected to outline future strategies and product innovations.

Financially, Veeva Systems Inc. (NYSE:VEEV) remains on solid ground with revenue up 16.7% year-over-year and free cash flow of about $1.18 billion (TTM as of August 22), which it reinvests into growth rather than paying dividends. Analysts remain optimistic, with an average price target suggesting nearly 14% upside. The company’s forward P/E ratio also signals market confidence in continued double-digit revenue expansion.

Bristol Myers Squibb Adopts Veeva Systems Inc. (VEEV)'s Veeva Vault CRM, Boosting Market Confidence

Strategically, the corporation is capitalizing on the growing demand for digital transformation in healthcare. By integrating AI capabilities into its platforms, the company is positioning itself at the forefront of cloud-based, generative AI-enabled solutions for pharmaceutical and biotechnology clients.

While we acknowledge the risk and potential of VEEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VEEV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.