Truist lowered the firm’s price target on Qualys (QLYS) to $130 from $145 and keeps a Hold rating on the shares. The company reported better-than-expected Q3 results, beating the high-end of guidance for revenue and EPS, while also raising its FY25 guidance by more than the beat on the top line for revenue, as management highlighted improving gross retention, the analyst tells investors in a research note. Qualys’s focus on leveraging partners and driving vendor consolidation could help reaccelerate growth, the firm added.
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