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Wedbush set its price target for the security firm at $175. This is slightly lower than the current price of about $185 and the average analyst target of $179. Because this is a routine target setting without a change in rating, it does not signal a shift in how the firm views the company's long-term prospects.
Source: Wedbush
Scotiabank raised its price target for the stock from $190 to $220 while keeping a Sector Outperform rating. This move comes after the company reported earnings that beat expectations and raised its full-year sales outlook.
The higher target suggests analysts see more room for the stock to rise even after its recent jump. It reflects confidence that the company can maintain its high profit levels while successfully selling its broader security platform to more customers.
Source: Scotiabank
RBC Capital raised its price target from $145 to $180 while maintaining a Sector Perform rating. This rating suggests the firm expects the stock to perform in line with the broader market rather than lead it.
The adjustment reflects the company's solid execution and raised full-year guidance. However, the $180 target is slightly below the current trading price, indicating that analysts at RBC believe the recent stock surge may have already captured much of the near-term upside.
Source: RBC Capital
Piper Sandler raised its price target from $100 to $175, a significant adjustment that brings its valuation closer to the current stock price. Despite the large increase, the firm kept its Neutral rating, which means they do not see the stock as a clear buy at these levels.
This kind of target hike often happens when a stock's price runs up quickly and analysts have to adjust their models to match the new reality. While it acknowledges the company's strong performance, the Neutral rating suggests the firm thinks the stock is now fairly valued.
Source: Piper Sandler
The company joined the CSAI Foundation as a vanguard member alongside other security firms like Rubrik and Zscaler. This group aims to help organizations build and manage AI systems that are secure from the start. While this is a partnership rather than a new product, it shows the company is positioning itself at the center of the AI security conversation. As more businesses rush to use AI, they will need tools to manage the new security risks that come with it, and being part of these industry groups helps the company stay relevant.
Source: Business Wire
Management consistently sets a low bar and clears it, delivering eight straight quarters of profit beats that suggest a highly predictable and tightly controlled business.
| Expectation | |
|---|---|
| EPS | $1.95 |
| Revenue | $187M |