UBS raised the firm’s price target on Qualys (QLYS) to $150 from $145 and keeps a Neutral rating on the shares. Qualys’ Q3 was another positive step, featuring the third consecutive quarter of revenue growth acceleration and meaningful margin upside, though this was paired with a somewhat more mixed outlook for Q4, the analyst tells investors in a research note. The company seems more confident that execution around its ETM and ROC products is improving, but still sounds mixed on new logo growth and NRR is still hovering in the low-single-digit range, the firm says.
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