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Investing.com - Evercore ISI has raised its price target on IQVIA Holdings (NYSE:IQV) to $220.00 from $180.00 while maintaining an Outperform rating on the stock. According to InvestingPro data, IQVIA, currently trading at $187.33 with a market capitalization of $32.5 billion, appears undervalued based on its Fair Value analysis.
The research firm cited IQVIA’s improved demand environment in both pharmaceutical and biotech sectors, which contributed to solid second-quarter Research & Development Solutions (R&DS) revenues and improved bookings.
Technology & Analytics Solutions (TAS) also demonstrated better results with similar or improved quarter-over-quarter demand environments in analytics & consulting, real-world evidence, and technology.
Evercore ISI views IQVIA as positioned for further success in the second half of 2025, noting that management guidance appears reasonable for the third quarter with fourth-quarter growth supported by the improving demand environment and the restart of a previously delayed trial.
The new price target of $220 represents 12.5 times 2026 EBITDA and 17 times P/E, with the research firm highlighting IQVIA as a beneficiary of its "structurally-winning industry position" and continued momentum from an improving business cycle.
In other recent news, IQVIA Holdings Inc. reported its financial results for the second quarter of 2025, surpassing market expectations. The company achieved earnings per share of $2.81, which was above the projected $2.77. Additionally, IQVIA’s revenue reached $4.017 billion, exceeding the anticipated $3.96 billion. These results indicate a strong performance for the quarter. Analyst firms have taken note of IQVIA’s financial achievements, with some revisiting their assessments in light of the company’s robust earnings and revenue figures. The positive earnings report has contributed to increased investor confidence. These developments mark a significant period for IQVIA, reflecting its continued growth and resilience in the market.
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