On Nov 02, major Wall Street analysts update their ratings for $IQVIA Holdings (IQV.US)$, with price targets ranging from $235 to $265.
Goldman Sachs analyst Matthew Sykes maintains with a buy rating, and adjusts the target price from $270 to $250.
BofA Securities analyst Michael Ryskin maintains with a buy rating, and maintains the target price at $255.
Barclays analyst Luke Sergott maintains with a buy rating, and adjusts the target price from $260 to $255.
Deutsche Bank analyst Justin Bowers maintains with a buy rating, and adjusts the target price from $270 to $265.
Evercore analyst Elizabeth Anderson CFA maintains with a buy rating, and maintains the target price at $235.
Furthermore, according to the comprehensive report, the opinions of $IQVIA Holdings (IQV.US)$'s main analysts recently are as follows:
The assessment of Iqvia's market indicates stability, with observed bookings issues arising from delays and drug failures, rather than a significant effect from pipeline rationalization.
The company has encountered a challenging industry operating environment. Comments from the company suggest that adjustments related to pharma portfolio prioritizations due to the IRA could be concluding. Moreover, the company seems to be gaining from the pharmaceutical industry's trend of vendor consolidation.
Iqvia's recent performance surpassed consensus expectations in terms of total revenue, adjusted EBITDA, and adjusted EPS. Nonetheless, the company has moderated its 2024 outlook for all metrics, citing challenges such as the Inflation Reduction Act and broader economic factors. Additionally, adjustments to R&DS guidance were made following the delay and cancellation of two significant trials.
There is concern regarding the near-term dynamics of the CRO marketplace, with a significant portion of the company experiencing a slow or weakening trend. It's questioned whether the smaller segment that is showing improvement will contribute more than just providing equilibrium.
Here are the latest investment ratings and price targets for $IQVIA Holdings (IQV.US)$ from 7 analysts:
Note:
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