Morgan Stanley analyst Keith Weiss upgraded Qualtrics International Inc. from Equal-Weight to Overweight with an unchanged $54 price target, implying 70.9 percent upside.
The analyst notes 30 percent pullback in the shares over the last three months provides an attractive entry point into Qualtrics.
Weiss sees Qualtrics as well-positioned to better sustain growth in 2022 with the expansion of the solution portfolio organically and through recent acquisitions.
Additionally, expansion into new data types should help “wear down the key investor bear case” in 2022.
Qualtrics is a software technology company that develops software for organizations. Its XM Platform help organizations collect feedback and data across the four vital signs of a business: Customers, Employees, Brand, and Product.
By Anusuya Lahiri
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