Veeva Systems jumps on S&P 500 inclusion, to replace Coterra Energy

Veeva Systems

01/05/2026 11:23

** Life sciences cloud provider Veeva Systems' VEEV.N shares up 10.7% premarket to $172.70 as it's set to join S&P 500 .SPX next week

** VEEV to replace Coterra Energy CTRA.N in SPX effective Thurs, May 7, S&P Dow Jones Indices announced

** CTRA being acquired by shale producer  Devon Energy DVN.N in deal expected to close soon

** Firms entering the SPX typically see their stocks rise as index-tracking funds are forced to buy shares

** Pleasanton, California-based VEEV has ~163.3 mln shares for about $25 bln market cap

** As of last close, shares had lost 30% YTD

** Of 32 analysts covering the stock, recommendation breakdown is 23 "strong buy" or "buy", 8 "hold" and 1 "sell"; median PT $275, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))