IQVIA (IQV) Stock Receives $245 Price Target

By Amit Chowdhry ● Nov 23, 2022
  • 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.