Matteo Colombo
Investment update
Following my May publication on IQVIA Holdings Inc. (NYSE:IQV) the stock is +5%, marking a 28% return since I first rated the business investment-grade back in Jan '21. This is a business I know
Reiterating Buy On IQVIA After Q2 Earnings
Summary
- IQVIA Holdings Inc. stock is up following Q2 earnings, following business upsides across its portfolio.
- Q2 earnings showed strong performance in TAS and R&DS divisions, with a record backlog and increased guidance for FY'24.
- Implied valuations are corroborated at a $260/share price objective, with potential further technical upside to $283/share if momentum sustains.
Equity strategist (US Equities)Technical focus on fundamental value drivers of business economics to uncover high probability long-term compounders. Seeking to buy at appropriate prices relative to intrinsic worth. Partners are represented over the cross-section of financial markets, from speculators, hedgers, long-term traders and the public. Research covers investment securities and futures & options markets. Shoot me a message to talk trade ideas or portfolio construction. Disclaimer:All research is strictly for informational purposes only. Not to be considered investment advice. Conduct your own due diligence. The Company accepts no responsibility for personal decisions made. Opinions of The Company and its affiliates may change from time to time without prior acknowledgement. The Company and its representatives share no economic relationship with any entities in which it holds common stock investments.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of IQV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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