Evercore ISI analyst Kirk Materne upgraded Qualtrics International Inc. to Outperform from In-Line with a $40 price target, suggesting an upside of 51.63 percent.
The recent pullback in the shares creates a more attractive risk/reward when taking a 6-12 month view, Materne notes.
The analyst believes Qualtrics is well-positioned to benefit from a “strong demand environment as customers remain laser-focused on delivering positive customer and employee experiences.”
He expects the company to continue delivering “beat/raise” results in 2022.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
Friends Read Free