IQVIA Holdings (IQV) PT Raised to $300 at Stifel

July 28, 2021 7:23 AM EDT
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Price: $257.39 -1.61%

Rating Summary:
    18 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 9 | New: 34
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Stifel analyst Shlomo Rosenbaum raised the price target on IQVIA Holdings (NYSE: IQV) to $300.00 (from $280.00) while maintaining a Buy rating.

The analyst commented, "There wasn’t much to pick on in the results, and the trends in the business continue to get better. Estimates continue to be revised upwards, and we expect this trend to continue as well. Consolidation in the CRO space should be good for IQV on a number of fronts - we hope it continues. We are raising our target price to $300, which represents a blend of CRO and Information Services multiples on our 2021 estimates. We see a path towards the mid-$300s and above."

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