Medpace Holdings Inc

MEDP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$589.00	Gdtpgl	Rbpnjfzd

Medpace Holdings: Healthy Outsourcing Demand Supports Strong Growth; $227 Fair Value Estimate

Rachel Elfman

Jun 16, 2023

We have launched coverage of Medpace, a global contract research organization, or CRO. We assign Medpace a fair value estimate of $227 per share and view the stock as fairly valued. It’s currently trading in 3-star territory. We believe Medpace has a narrow economic moat and stable moat trend based on its intangible assets and high switching costs for its customers.

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