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

Truist analyst Terry Tillman lowered the firm’s price target on Qualtrics to $15 from $16 but keeps a Buy rating on the shares. Tough macro dynamics will have a lasting impact on the company’s demand metrics, but Qualtrics’ profit and cash flow dynamics are expected to improve and the company should be able to expand market share amid the uncertain macro environment, the analyst tells investors in a research note.