RBC Capital analyst Sean Dodge maintains $IQVIA Holdings (IQV.US)$ with a buy rating, and maintains the target price at $270.
According to TipRanks data, the analyst has a success rate of 42.0% and a total average return of -6.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $IQVIA Holdings (IQV.US)$'s main analysts recently are as follows:
A modest outperformance in Q3 was driven by stronger than anticipated results in TAS, yet this was overshadowed by challenges in R&DS, which are expected to persist over the next year. This includes a significant single project cancellation and the postponement of two major trials until 2025. Despite recent setbacks, the risk/reward is still seen as favorable after the stock's recent decline.
The company indicated that the market remains relatively stable, although issues with bookings are arising from delays and drug failures, as opposed to a significant effect from pipeline rationalization, according to an analyst's research note.
The company has encountered a challenging industry operating environment. Commentary from the company implies that pharma portfolio realignments related to IRA may be concluding, and it seems the company is poised to benefit from the pharmaceutical industry's trend of vendor consolidation.
Note:
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