SVB Securities Reaffirms Their Buy Rating on IQVIA Holdings (IQV)

In a report issued on July 24, Joy Zhang CFA from SVB Securities reiterated a Buy rating on IQVIA Holdings (IQVResearch Report), with a price target of $256.00. The company’s shares closed last Tuesday at $219.68.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.1% and a 50.0% success rate. CFA covers the Technology sector, focusing on stocks such as Computer Programs and Systems, Hims & Hers Health, and OptimizeRx.

Currently, the analyst consensus on IQVIA Holdings is a Strong Buy with an average price target of $264.07, a 19.3% upside from current levels. In a report issued on July 11, Jefferies also maintained a Buy rating on the stock with a $255.00 price target.

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Based on IQVIA Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.54 billion and net profit of $256 million. In comparison, last year the company earned revenue of $3.44 billion and had a net profit of $175 million.

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North Carolina-based IQVIA Holdings, Inc. provides advanced analytics, technology solutions, and contract research services to the life sciences industry. The company operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.

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