Qualtrics (XM) PT Raised to $62 at Truist Securities

Qualtrics (XM) Stock Surges on Strong Results and Guidance, Analysts Raise PTs Following 'Phenomenal Quarter'

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

Qualtrics (XM) PT Raised to $53 at Canaccord Genuity

Canaccord Genuity analyst David Hynes Jr. raised the price target on Qualtrics (NASDAQ: XM) to $53.00 (from $48.00) while maintaining a Buy rating.

The analyst commented, "This was another excellent quarter for Qualtrics subscription growth accelerated for the third consecutive quarter, bookings commentary suggested a healthy mix of new and expansion, and net dollar retention ticked up by 3 points to 125%, which is now back to... More