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IQVIA stock rating downgraded to Hold by TD Cowen, price target raised

Published 03/11/2025, 12:42
IQVIA stock rating downgraded to Hold by TD Cowen, price target raised
IQV
0.35%

Investing.com - TD Cowen downgraded IQVIA Holdings (NYSE:IQV) from Buy to Hold on Monday, while raising its price target to $215.00 from $206.00. The current stock price of $216.46 sits just above this new target, with IQVIA trading near its 52-week high of $225.91.

The research firm cited valuation concerns as the primary reason for the downgrade, noting that IQVIA’s current valuation of 17 times 2026 adjusted earnings per share largely reflects the company’s growth outlook. The stock currently trades at a P/E ratio of 29.64, though InvestingPro data shows the company is slightly undervalued based on Fair Value estimates.

TD Cowen acknowledged improved visibility and stability in IQVIA’s outlook but expressed caution about the company’s potential for further upside in 2026.

The firm specifically pointed to "generally subdued market conditions and margin pressures" as factors limiting room for additional growth beyond current projections.

IQVIA is expected to deliver mid-single-digit percentage topline growth and high-single-digit percentage adjusted EPS growth in 2026, according to TD Cowen’s analysis.

In other recent news, IQVIA Holdings reported its third-quarter earnings for 2025, surpassing analyst expectations. The company achieved an adjusted diluted EPS of $3.00, slightly above the forecast of $2.97. Revenue for the quarter reached $4.1 billion, exceeding the expected $4.08 billion. Despite these positive results, the stock experienced a pre-market decline, indicating cautious market sentiment. Additionally, Baird upgraded IQVIA Holdings’ stock rating from Neutral to Outperform. The research firm raised its price target to $258.00 from $224.00, citing a moderately improving environment in the clinical and commercial research and development sector. These developments highlight recent activities surrounding IQVIA Holdings.

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