Qualtrics International (XM) Initiated with a Buy at Canaccord Genuity
Canaccord Genuity analyst David Hynes initiated coverage with a Buy rating on Qualtrics International (XM) yesterday and set a price target of $54.00. The company’s shares closed last Tuesday at $43.24.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 41.2% and a 80.8% success rate. Hynes covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Slack Technologies, and Bill.com Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qualtrics International with a $52.50 average price target, a 21.2% upside from current levels. In a report issued on February 22, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $56.00 price target.
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Qualtrics International Inc is a software technology company based in the United States. It develops software for the organizations. Its XM Platform is purpose-built to help organizations collect feedback and data across the four vital signs of a business: Customers, Employees, Brand, and Product.