Qualtrics raises full-year sales forecast above Wall Street expectations
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October 21, 2021 7:46 AM EDT
Qualtrics (NASDAQ: XM) stock price is trading 6% higher after the company topped analyst estimates for its third quarter.
Qualtrics reported Q3 EPS of $0.01 to top the analyst estimates of negative $0.02. Revenue for the quarter came in at $271.6 million versus the consensus estimate of $258.19 million.
"Q3 was another outstanding quarter for Qualtrics, and our leadership position has never been stronger as we continue to innovate and define the category we created," said Qualtrics CEO Zig Serafin. "Companies in every industry are accelerating their experience transformations, and they're increasingly choosing Qualtrics to build critical... More
October 21, 2021 6:53 AM EDT
BMO Capital analyst Keith Bachman raised the price target on Qualtrics (NASDAQ: XM) to $53.00 (from $46.00) while maintaining an Outperform rating.
The analyst commented, "Qualtrics comfortably exceeded all top-line metrics, and subscription revenue growth accelerated in the September Q vs. June and March Qs.... More
