JMP Securities Maintains Market Outperform Rating for Qualtrics International: Here's What You Need To Know

JMP Securities has decided to maintain its Market Outperform rating of Qualtrics International XM and lower its price target from $59.00 to $46.00.

Shares of Qualtrics International are trading down 6.2% over the last 24 hours, at $22.83 per share.

A move to $46.00 would account for a 101.49% increase from the current share price.

About Qualtrics International

Qualtrics International Inc is a software technology company based in the United States. It develops software for 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. The firm derives revenue from sales of subscriptions to access its XM Platform; research services and professional services.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.