- The shares of IQVIA (IQV) recently received a $245 price target. These are the details.
The shares of IQVIA (IQV) recently received a $245 price target.
Price target: Reduced from $275 to $245
Rating: Downgraded from “Buy” to “Neutral”
Analyst firm: Citi
Citi analysts adjusted the rating while pointing out the valuation as the reason for the downgraded. And following the stock’s significant increase, the company now trades at a premium to comps despite potential fiscal 2023 headwinds to margins and earnings. The analysts also believe the robust demand environment is reflected in the company’s valuation.