Qualys price target lowered to $150 from $160 at Canaccord

Canaccord lowered the firm’s price target on Qualys (QLYS) to $150 from $160 and keeps a Buy rating on the shares. The firm said Qualys exited Q4 by demonstrating durable top-line momentum with $175M revenue growing 10% year-over-year and beating the midpoint of guidance by $2M. The firm said the story continues to be one of disciplined profitability paired with a gradual modernization of the platform around its Risk Operations Center and Agentic AI framework.