On Nov 07, major Wall Street analysts update their ratings for $Qualys (QLYS.US)$, with price targets ranging from $145 to $175.
UBS analyst Roger Boyd maintains with a hold rating, and adjusts the target price from $140 to $160.
TD Cowen analyst Shaul Eyal maintains with a hold rating, and adjusts the target price from $130 to $150.
Loop Capital analyst Yun Kim maintains with a hold rating, and adjusts the target price from $175 to $150.
RBC Capital analyst Matthew Hedberg maintains with a hold rating, and maintains the target price at $162.
Wedbush analyst Daniel Ives maintains with a buy rating, and adjusts the target price from $160 to $175.
Furthermore, according to the comprehensive report, the opinions of $Qualys (QLYS.US)$'s main analysts recently are as follows:
Qualys delivered a robust performance in the third quarter. However, despite the strong showing, there's cautiousness about the fourth quarter pipeline prospects, the slowing growth within the Vulnerability Management market, and challenging competitive factors, which could pose risks to projections for the fiscal year 2025.
The company outperformed despite pessimistic investor forecasts, underscored by a 14% growth in current billings. Analysts acknowledge Qualys' enhanced performance, indications of steadiness in net dollar expansion, robust new business and channel results, along with the prospects of new products making a more significant impact.
The current billings of Qualys have seen a notable 14% increase on a year-over-year basis, surpassing consensus forecasts. Observations for the fourth quarter suggest a conservative outlook with new business expected to decrease roughly by 25% compared to the previous year. The third quarter indicates a favorable turn, yet the cautious tone regarding the pipeline prompts queries regarding the advancement of deals and the enduring nature of growth.
Qualys' robust Q3 results prompted an increase in their 2025 guidance, with current billings escalating by 14% year-over-year, surpassing consensus expectations by 8%. Analysts highlight the company's extraordinary margins and cash flow within a sector of high priority. Nevertheless, they note that this year has experienced hitches in the recruitment of sales personnel and emphasize that the newly appointed Chief Revenue Officer will require a period to become fully integrated and execute their strategy.
Here are the latest investment ratings and price targets for $Qualys (QLYS.US)$ from 9 analysts:
Note:
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