In a report issued on June 9, Arjun Bhatia from William Blair reiterated a Buy rating on Qualtrics International (XM – Research Report). The company’s shares closed last Friday at $11.83, close to its 52-week low of $11.33.
According to TipRanks.com, Bhatia is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -26.5% and a 9.3% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, DoubleVerify Holdings, and Sprout Social.
Qualtrics International has an analyst consensus of Strong Buy, with a price target consensus of $36.08, implying a 210.5% upside from current levels. In a report issued on May 27, Evercore ISI also maintained a Buy rating on the stock with a $40.00 price target.
Based on Qualtrics International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $336 million and GAAP net loss of $292 million. In comparison, last year the company earned revenue of $239 million and had a GAAP net loss of $200 million.
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Qualtrics International Inc is a software technology company based in the United States. It develops software for the organizations. Its XM Platform is purpose-built to help organizations collect feedback and data across the four vital signs of a business: Customers, Employees, Brand, and Product.
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