IQVIA Holdings Inc
IQV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$872.00 | Zlcxgt | Qqjmvzyb |
IQVIA Earnings: Strong Outsourcing Demand Drives Revenue Growth; Shares Undervalued
Narrow-moat IQVIA reported solid first-quarter results highlighted by revenue over $3.6 billion, representing a 2.4% increase versus the prior year. Strong outsourcing demand continues to drive growth for IQVIA’s research and development solutions segment. We maintain our fair value estimate of $268 per share, and shares currently trade in 4-star territory about 30% below our fair value estimate.