5 Cheap Growth Stocks to Get Rich

2. IQVIA Holdings Inc. (NYSE:IQV)

Number of Hedge Fund Holders: 64

IQVIA Holdings Inc. (NYSE:IQV) is one of the top cheap growth stocks to get rich. HSBC cut the price target on IQVIA Holdings Inc. (NYSE:IQV) to $210 from $240 on June 3 and reiterated a Buy rating on the shares, stating that the market expectations on life science tools “remain bearish” with allocation tilted towards managed care and therapeutics within healthcare. The firm further told investors in a research note that although the tools sector is priced for disappointment, HSBC sees “green shoots of recovery,” notably in bioprocessing and quality assurance. It adjusted price targets to take into account risk-adjusted return expectations, with the firm’s preferred ideas being Waters, Iqvia, and Sartorius.

For reference, in its financial results for fiscal Q1 2026, IQVIA Holdings Inc. (NYSE:IQV) reported revenue of $4,151 million, up 8.4% year-over-year. GAAP Net Income for the quarter reached $274 million, with an adjusted EBITDA of $932 million, GAAP Diluted Earnings per Share of $1.61, and adjusted Diluted Earnings per Share of $2.90.

IQVIA Holdings Inc. (NYSE:IQV) provides technology solutions, analytics, and clinical research services to the life sciences industry. The company’s operations are divided into the following segments: Technology and Analytics Solutions, Research and Development Solutions, and Contract Sales and Medical Solutions.