IQVIA Holdings (IQV) PT Raised to $290 at Mizuho Securities

Mizuho Securities analyst Ann Hynes raised the price target on IQVIA Holdings (NYSE: IQV) to $290.00 (from $282.00) while maintaining a Buy rating.

The analyst commented, "We are raising our estimates and price target on IQV to $290 (from $282) following positive updates from its Investor Day. IQV raised its intermediate growth target for revenue and adjusted EBITDA by +250bps at the midpoint, and maintained double-digit adjusted EPS growth. The updated intermediate guidance was ahead of Street expectations of ~+100bp, driven by a low double-digit organic revenue growth outlook in the CRO segment. Given IQV's industry-leading technology capabilities, differentiated offerings, and the robust industry backdrop, we believe IQV's earnings visibility remains high in the near- to mid-term. We reiterate our Buy."

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