IQVIA Holdings Inc

IQV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$767.00	Ryrbvsj	Xnmlgzds

IQVIA Earnings: Strong Outsourcing Demand Drives Revenue Growth; Shares Undervalued

Rachel Elfman

May 1, 2023

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.

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