UPDATE: IQVIA (IQV) PT Raised to $300 at Jefferies, Street Growth Needs to Come Up

October 22, 2021 8:59 AM EDT
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Price: $0.00 --0%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 15 | New: 62
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(Updated - October 22, 2021 9:23 AM EDT)

Jefferies analyst David Windley raised the price target on IQVIA Holdings (NYSE: IQV) to $300.00 (from $293.00) while maintaining a Buy rating after management talked optimistically about faster revenue growth, perhaps pushing 10%. Acquisitions have resumed, the growth outlook could include 1-2% of acquired growth.

The analyst stated "We are below that, at ~8.5% rev growth with ~1% inorganic in the next 2 years. That still gets us to ~15% EPS growth and nicely above consensus. A swing factor would be the acquisition margins and multiples vs share buyback, which we expect to increase in '22."



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