Piper Sandler last night upgraded Q2 Holdings to Neutral from Underweight with a price target of $41, up from $30. The analyst is “increasingly more comfortable” on improving fundamentals for Q2 looking out over the next 12-18 months. The firm is encouraged by several factors including, improved end market dynamics, and says trends across the company’s pipeline and bookings have improved, including large banks signing up with Q2.
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