Loop Capital analyst Yun Kim raised the firm’s price target on Qualtrics to $18 from $11 and keeps a Hold rating on the shares after the company agreed to be acquired by Silver Lake and Canada Pension Plan at $12.5B or $18.15/share in cash. The transaction valuation is "fair" at multiples that are similar to growth peer group average, the analyst tells investors in a research note.
Published first on TheFly
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- Qualtrics downgraded to Market Perform from Outperform at Raymond James
- Qualtrics downgraded to Market Perform from Outperform at JMP Securities
- Qualtrics downgraded to Neutral from Overweight at Piper Sandler
- Qualtrics Snapped Up by Silver Lake for $12.5 Billion, Stock Rises
- Qualtrics to be acquired by Silver Lake for $12.5B
