Why Veeva Systems Inc. (VEEV) Surged On Thursday

We recently published a list of While Wall Street Naps, These 10 Stocks Run Wild. In this article, we are going to take a look at where Veeva Systems Inc. (NYSE:VEEV) stands against other best-performing stocks.

Veeva Systems soared by 19 percent on Thursday to end at $279.04 apiece following an impressive earnings performance in the first quarter of fiscal year 2026.

In a statement, Veeva Systems Inc. (NYSE:VEEV) said net income rose by 41 percent to $228.2 million from $161.7 million in the same period last year, while revenues increased by 17 percent to $759 million from $650.3 million year-on-year.

“I consider this our best first quarter ever. We executed with speed, quality, and innovation across all areas on short-term objectives and long-term initiatives aligned to our values and 2030 goals,” said CEO Peter Gassner.

A team of IT experts monitoring a network of computers managing the medical content and communications.

For the second quarter ending July 31, Veeva Systems Inc. (NYSE:VEEV) said it is targeting to book revenues between $766 million and $769 million, with revenues for the full fiscal year of 2026 at a range of $3.09 billion to $3.1 billion.

For his part, CFO Brian Van Wagener said that the company is targeting to double its 2025 revenue run rate goal by 2030.

Overall, VEEV ranks 3rd on our list of best-performing stocks. While we acknowledge the potential of VEEV, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VEEV and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.