Qualys price target lowered to $120 from $130 at Truist
The Fly

Qualys price target lowered to $120 from $130 at Truist

Truist lowered the firm’s price target on Qualys (QLYS) to $120 from $130 and keeps a Hold rating on the shares as part of a broader research note previewing Q3 results among Infrastructure & Security Software. The firm notes that companies in its coverage took a conservative posture for guidance and that model setups could drive a continued beat-and-raise cadence. Truist adds that despite a more delayed flow of generative AI applications moving into production vs. its expectations at the beginning of the year, its conversations with IT teams suggest they continue to get incremental funding.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App