Qualys price target raised to $142 from $140 at Scotiabank

Scotiabank analyst Patrick Colville raised the firm’s price target on Qualys (QLYS) to $142 from $140 and keeps a Sector Perform rating on the shares. The company delivered a “good enough” Q1, which was a positive after its close peer Tenable’s (TENB) “disappointment” last week, the analyst tells investors. While the firm appreciates the company’s continued capital return in Q1, Scotiabank would like to see evidence of a ramp from newer products before getting more positive on the shares.