Qualys price target raised to $147 from $120 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the firm’s price target on Qualys (QLYS) to $147 from $120 and keeps a Neutral rating on the shares. The company reported a surprisingly strong revenue beat in Q3, along with the typically large EBITDA and EPS beat to go along with it, though it sounds like Q4 pipeline is a bit weaker than the management would like to see, the analyst tells investors in a research note.