JP Morgan Upgrades Qualys to 'Hold' with $139 Price Target
JP Morgan has upgraded Qualys, Inc. to a 'hold' rating, setting a new price target of $139, a 1.10% upside from the current price.
Key Points
- JP Morgan's Brian Essex upgraded Qualys, Inc. to a 'hold' rating on June 30, 2026, with a new price target of $139.
- JP Morgan's $139 price target implies 1.10% upside from Qualys, Inc.'s ($QLYS) current $137.49 share price.
- Qualys, Inc. trades on the NasdaqGS under the ticker QLYS, with a market cap of about $4.34 billion and a forward P/E of 14.9.
- Recent insider selling included CEO Sumedh Thakar selling shares on June 26, 2026, under a planned sale.
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JP Morgan has upgraded its rating on Qualys, Inc. (NasdaqGS: QLYS) to 'hold', setting a new price target of $139. Analyst Brian Essex made the announcement on June 30, 2026, indicating a more stable outlook for the cybersecurity company.
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Qualys, Inc. Stock Down 26.5%
Shares of Qualys, Inc. traded near $128.32 on Tuesday. The company, which operates in the Software - Infrastructure industry, has a market capitalization of approximately $4.34 billion. It boasts a P/E ratio of 22.13 and a forward P/E of 14.90, suggesting expectations for future earnings growth. The stock has experienced a 52-week range between $74.51 and $155.47, with a current beta of 0.651, indicating relatively low volatility compared to the market.
$QLYS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Qualys, Inc. reported revenues of $684.86 million, reflecting a growth rate of 9.8%. The company achieved a net margin of 29.4% and a return on equity of 37.7%, showcasing strong profitability. Its next earnings report is scheduled for August 4, 2026.
Insider Buying and Selling at Qualys, Inc.
Recent insider activity at Qualys included several planned sales. CEO Sumedh Thakar sold 10,000 shares on June 26, 2026, at an average price of $120.48. Other insiders, such as Wendy Pfeiffer and Chief Legal Officer Bruce Posey, also sold shares on June 22, 2026, under planned sales at prices around $110.55 and $109.44, respectively. These transactions were part of prearranged trading plans and do not necessarily reflect a negative outlook on the company.
Analysts Set New Price Targets
On June 30, 2026, JP Morgan's Brian Essex upgraded Qualys to a 'hold' rating with a price target of $139. Previously, on May 7, 2026, Wedbush maintained a 'buy' rating with a $125 target. The consensus among 18 analysts is a 'hold', with a mean price target of $106.02.
About Qualys, Inc.
Qualys, Inc., headquartered in Foster City, California, provides cloud-based IT, security, and compliance solutions. The company offers a range of services, including cybersecurity asset management, vulnerability management, and cloud security. Under the leadership of CEO Sumedh S. Thakar, Qualys serves various sectors such as financial services, healthcare, and government, catering to enterprises and small to medium-sized businesses. Founded in 1999, the company employs about 2,683 people.
Bottom Line
JP Morgan's upgrade to a 'hold' rating for Qualys, Inc. reflects a more stable outlook, with a new price target of $139. Investors track these ratings closely as they provide insights into analysts' expectations for future performance. It's important to remember that these ratings and targets are based on backward-looking data and may not represent future conditions.
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