Qualtrics International slides on outlook cut, brokerages slash PT

Qualtrics International

21/07/2022 16:04

** Business software company Qualtrics International Inc's
 XM.O  shares down 8% at $12.62, hit two-week low
    ** Company's Q2 profit misses estimates, Qualtrics also cuts
revenue forecast  urn:newsml:reuters.com:*:nASA03H02
    ** At least 7 brokerages cut PT on company's shares,
brokerages cite drop in subscription sales revenue,
macroeconomic uncertainty and outlook revision
    ** JP Morgan slashes PT by 50% to $19; median PT $20 -
Refinitiv data
    ** Including session's losses, stock down ~65% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((yohann.mcherian@thomsonreuters.com))