Opinions
Jim Cramer - Mad Money
Qualtrics International
XM-Q
BUY
Apr 21, 2021
Red-hot cloud stocks have been hammered lately in the rotation and went out of fashion. In early February, XM hit the mid-50s but has fallen to $33. In recent weeks, cloud plays have bounced off their lows, but this is up only a couple bucks. Tonight, they delivered a strong quarter: a solid top and bottom line beat with a surprise profit and outlook for the full year. Management raised guidance for 2021.
$33.820
Stock price when the opinion was issued
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A management software company that was spun off from SAP earlier this year; shares popped to the mid-50s before plunging to the mid-30s. XM does experienced management for employees and customers, valuable during the current labour shortage. They blew out their report today with a surprise profit and raising their full-year forecast. The stock has been rallying in recent months, but he sees more runway ahead.
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