IQVIA Holdings (IQV) PT Raised to $206 at TD Cowen; 'Could We Be Reaching The Bottom?'

TD Cowen analyst Charles Rhyee raised the price target on IQVIA Holdings (NYSE: IQV) to $206.00 (from $168.00) while maintaining a Buy rating.

The analyst commented: "Could We Be Reaching The Bottom?; Perhaps our biggest takeaway from IQV results (as well as MEDP) is that the macro environment, while still challenged, has perhaps stabilized. And in this environment IQV has been able to manage and drive-better-than expected results in RDS by focusing on gaining share, particularly in biotech, and benefits from business diversification w/ strong TAS growth, both of which could/should continue.

We now est. '25/'26 adj. EPS of $11.90/$12.86 (from $11.80/$12.71). We raise our PT to $206, from $168, based on our DCF analysis, which implies shares can trade at ~16x our '26 adj. EPS est."

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