IQVIA Holdings Inc

IQV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$911.00	Rqxxxz	Lpkfqcqmc

Narrow-Moat IQVIA Reports Solid Year-End Results; Maintaining FVE of $268, Shares Undervalued

Rachel Elfman

Feb 13, 2023

Narrow-Moat IQVIA reported solid fourth-quarter results highlighted by revenue of over $3.7 billion and total 2022 revenue of $14.4 billion, growing nearly 4% versus the prior year. IQVIA’s technology and analytics, and research and development solutions businesses have continued to report healthy growth. We maintain our fair value estimate of $268 per share and it’s currently trading in 4-star territory about 15% below our fair value estimate.

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