QLYS Price Prediction Next Week
Technical Analysis: QLYS has shown a clear downward trend over the past week, with the stock price declining from $169.92 to $134.01, representing a significant drop of approximately 21%.
- RSI (14) at 42.77 indicates neutral territory but trending towards oversold
- MACD shows bearish momentum with -0.12 reading
- Stock is trading below all major moving averages (5,10,20-day SMAs)
- Bollinger Bands show price near lower band (130.46), suggesting potential oversold conditions
News Impact: Recent analyst actions have been predominantly bearish:
- Morgan Stanley lowered PT to $120 (most bearish)
- Scotiabank reduced PT to $140
- Canaccord Genuity cut PT to $163 (most bullish)
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Support levels: $134.62 (S1), $131.08 (S2)
- Resistance levels: $146.06 (R1), $149.60 (R2)
Expected trading range: $131-$146
Trading Recommendation: SELL Rationale:
- Multiple analyst downgrades
- Significant insider selling activity with no purchases in past 6 months
- Bearish technical indicators
- Below key moving averages
Target Price: $131 (S2 level) Stop Loss: $146 (R1 level)
QLYS Similar Chart Price Prediction
The price of QLYS is predicted to go up -16.34%, based on the high correlation periods with BKH. The similarity of these two price pattern on the periods is 90.38%.
QLYS
BKH
Down: -16.34%Similarity: 90.38%
QLYS Revenue Forecast
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QLYS VS S&P500
Qualys remains a strong competitor in the cybersecurity space geared toward SMBs.
C-suites across geographies and industries are prioritizing cybersecurity spending, thereby providing vendors like Qualys a robust demand landscape for its solutions.
Qualys has an exceptional growth/profitability mix with its cash flow generation, allowing it to buy back shares.
QLYS Analyst's Forecast
Joel Fishbein
Truist Securities
Hold
2024-10-23
Price Target
$130 → $120
Downside
-1.23%
Truist lowered the firm's price target on Qualys to $120 from $130 and keeps a Hold rating on the shares as part of a broader research note previewing Q3 results among Infrastructure & Security Software. The firm notes that companies in its coverage took a conservative posture for guidance and that model setups could drive a continued beat-and-raise cadence. Truist adds that despite a more delayed flow of generative AI applications moving into production vs. its expectations at the beginning of the year, its conversations with IT teams suggest they continue to get incremental funding.
Hamza Fodderwala
Morgan Stanley
Sell
2024-10-23
Price Target
$136 → $123
Upside
+1.23%
Nick Yako
TD Cowen
Hold
2024-10-07
Price Target
$140 → $130
Upside
+7.4%
