DA Davidson analyst Peter Heckmann raised the firm’s price target on Q2 Holdings to $38 from $36 and keeps a Buy rating on the shares. The company’s Q4 results and FY23 guidance were below consensus estimates, but its management also relayed that the quarter was the largest sales quarter in company history, the analyst tells investors in a research note. The firm adds however that as the leading provider of digital banking and lending solutions, Q2 Holdings has benefited from demand for richer digital banking functionality.
Published first on TheFly
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Read More on QTWO:
- Q2 Holdings price target raised to $38 from $35 at Needham
- Q2 Holdings price target lowered to $42 from $45 at Raymond James
- Q2 Holdings sees FY23 revenue $632M-$640M, consensus $646.49M
- Q2 Holdings sees Q1 revenue $149M-$152M, consensus $152.41M
- Q2 Holdings reports Q4 adjusted EPS 6c, consensus 12c
