Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Q2 Holdings to $30 from $24 and keeps an Underweight rating on the shares. While the mid-point of FY23 revenue was maintained, EBITDA was raised as the company continued to execute on its operational efficiencies, notes the firm, which is “encouraged” by bookings trends, but also notes that revenue conversion could be elongated given the size of the deals.
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Read More on QTWO:
- Q2 Holdings price target raised to $42 from $36 at BTIG
- Q2 Holdings narrows FY23 revenue view to $620M-$628M, consensus $625.05M
- Q2 Holdings sees Q3 revenue $153.5M-$156.5M, consensus $156.81M
- Q2 Holdings reports Q2 EPS (41c) vs (44c) last year
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