Qualys initiated with a Hold at Jefferies

Jefferies analyst Joseph Gallo initiated coverage of Qualys with a Hold rating and $135 price target While Qualys is one of the undisputed leaders in core vulnerability management, its growth upside will remain difficult until adjacent areas of growth “come to the rescue,” the analyst tells investors in a research note. The firm says consensus estimates embed optimism with accelerating new business growth in 2025.