Analyst Michael Ryskin from Bank of America Securities maintained a Buy rating on IQVIA Holdings (IQV – Research Report) and keeping the price target at $190.00.
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Michael Ryskin’s rating is based on several key factors that highlight the strengths of IQVIA Holdings. One significant aspect is the company’s differentiated portfolio, particularly in Technology & Analytics Solutions (TAS), which has shown resilience and growth despite macroeconomic challenges. The company’s strong performance in real-world evidence (RWE) and its ability to secure multiyear contracts in certain segments contribute to a positive business outlook.
Moreover, IQVIA’s strategic approach to capital allocation, balancing between mergers and acquisitions (M&A) and share buybacks, demonstrates a commitment to enhancing shareholder value. Despite some challenges such as slower customer decision-making and pricing pressures, the management’s confidence in their long-term plans and the potential tailwinds from recent policy changes support the Buy rating. The company’s healthy Research & Development Services (R&DS) backlog and expected operational margin improvements further reinforce the positive assessment.
In another report released on May 9, Stifel Nicolaus also maintained a Buy rating on the stock with a $211.00 price target.