Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Qualtrics Pops As Analyst Upgrades Follow Robust Earnings, Brighter Outlook  

Stock Markets Apr 22, 2021 12:58PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Dhirendra Tripathi

Investing.com – Qualtrics (NASDAQ:XM) was up by more than 25% in Thursday’s session on upgrades by several analysts, enthused by the company reporting strong earnings and forecasting an even better June quarter.

Qualtrics makes software that helps companies engage better with their consumers and employees.  

Piper Sandler analyst Brent Bracelin raised Qualtrics to overweight with a target of $49, which translates into an upside potential of a little over 15% from the stock’s present level of $42.48. He cited the company's growth potential and a favorable risk-reward ratio as reasons behind his optimism.

BMO Capital Markets analyst Keith Bachman raised the stock to outperform with a target of $45, as he expects “very strong” demand for the firm’s offerings as the economy improves.

Deutsche's Patrick Colville attributed his belief in the stock to the company’s strong competitive positioning. Colville has a target of $43 for the stock.

Co-headquartered in Seattle, Washington and Provo, Utah, Qualtrics raised its outlook for 2021 on Wednesday.

It now expects January-December total revenue to come between $980 million and $984 million, compared to an earlier forecast of $950 million to $954 million given on March 9.

Total revenue for the January-March quarter was $238.6 million, up 36% from $176.1 million one year ago. It had expected the March quarter revenue to come between $226 million and $228 million.

Qualtrics Pops As Analyst Upgrades Follow Robust Earnings, Brighter Outlook  
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Okito Kelvin
Okito Kelvin Apr 22, 2021 5:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
nice
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email