Truist Securities Maintains Hold on Qualys, Raises Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has maintained a Hold rating on Qualys (NASDAQ:QLYS) and increased the price target from $145 to $175.
January 16, 2024 | 7:16 pm
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Truist Securities analyst Michael Lewis has reiterated a Hold rating on Qualys, but raised the price target from $145 to $175, indicating a positive outlook on the stock's value.
The increase in price target by Truist Securities suggests an improved valuation of Qualys, which could lead to increased investor confidence and a potential rise in the stock price in the short term. However, the Hold rating indicates that the analyst does not see significant momentum beyond the new target price in the near future.
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