Scotiabank upgraded Qualys Inc. (NASDAQ: QLYS) from sector perform to sector outperform. The investment bank set a price target of $190.00 for the cybersecurity firm. This target sits at the higher end of the current analyst consensus.
The upgrade follows a period of mixed sentiment and recent analyst downgrades. Qualys recently reported quarterly earnings that exceeded market expectations. The company also provided financial guidance for the second quarter and the full 2026 fiscal year.