Qualtrics price target lowered to $15 from $16 at Canaccord

Canaccord analyst David Hynes lowered the firm’s price target on Qualtrics to $15 from $16 and keeps a Buy rating on the shares. The analyst said growth is clearly slowing at Qualtrics, which is not surprising given the environment, but with the stock trading at 4x EV/R, this seems pretty priced into the shares at these levels.