DA Davidson analyst Peter Heckmann raised the firm’s price target on Q2 Holdings to $48 from $40 and keeps a Buy rating on the shares ahead of its Q4 results later this month. The management has recently relayed their expectation of strong new customer “go-live” activity in the first half of Q4, and the firm’s forecast of 14% Subscription revenue growth represents a sequential acceleration from 11% growth in Q3, the analyst tells investors in a research note. The firm adds that its new price target reflects valuation framework moving onto 2025 forecasts.
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