Wedbush lowered the firm’s price target on Qualys (QLYS) to $145 from $160 and keeps an Outperform rating on the shares. The firm notes Qualys reported Q1 earnings which featured beats across the top and bottom lines, while providing stronger than expected FY25 guidance as the company experienced a strong mix of new business growth and expansion deals in the pipeline while elevating investments into its platform innovations and go-to-market initiatives to navigate the murky macro backdrop.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QLYS:
- Qualys price target raised to $140 from $135 at Baird
- Qualys price target raised to $140 from $131 at RBC Capital
- Qualys Receives Buy Rating Due to Strong Financial Performance and Strategic Growth Initiatives
- Qualys price target lowered to $158 from $163 at Canaccord
- Qualys Reports Strong Q1 2025 Earnings Growth