Qualys (QLYS) PT Lowered to $100 at Scotiabank
Scotiabank analyst Patrick Colville lowered the price target on Qualys (NASDAQ: QLYS) to $100.00 (from $135.00) while maintaining a Sector Perform rating.
The analyst commented: "We maintain our Sector Perform rating on Qualys after a healthy 8% current billings growth in 1Q in which management highlighted an increase in customer interest due to Anthropic Claude Mythos and OpenAI GPT-5.4-Cyber. But, Qualys is only reiterating its 2026 7-8% current billings growth soft target. CISOs we spoke to last week acknowledge that these new AI models will make vulnerability management more critical, but they don’t state that spend is being driven up. Get in touch to chat through our brand new CISO work. If any company can capture these frontier AI model tailwinds its Qualys, given its experience in production environments in vulnerability risk quantification, the ability to test whether an asset is exploitable with runtime context, as well as the capacity to patch and re-validate that exploits are closed. We remain on the sidelines as for Qualys shares to sustainably re-rate higher a sustained current billings reacceleration is needed."