TD Cowen has lowered its price target for IQVIA Holdings (NYSE:IQV) from $245 to $174, while maintaining a Hold rating, due to concerns over artificial intelligence’s long-term impact on the contract research organization sector. This adjustment follows IQVIA’s Q4 2025 results and 2026 guidance, with the new target reflecting a 13 to 14 times multiple of the firm’s 2026 earnings estimate. Other analysts, including BMO Capital, Jefferies, and Evercore ISI, have also reduced their price targets, despite IQVIA reporting strong Q4 2025 financial results.
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TD Cowen cuts IQVIA stock price target on AI concerns
TD Cowen has lowered its price target for IQVIA Holdings (NYSE:IQV) from $245 to $174, while maintaining a Hold rating, due to concerns over artificial intelligence’s long-term impact on the contract research organization sector. This adjustment follows IQVIA’s Q4 2025 results and 2026 guidance, with the new target reflecting a 13 to 14 times multiple of the firm’s 2026 earnings estimate. Other analysts, including BMO Capital, Jefferies, and Evercore ISI, have also reduced their price targets, despite IQVIA reporting strong Q4 2025 financial results.