Q2 Holdings price target raised to $55 from $40 at Canaccord

Canaccord raised the firm’s price target on Q2 Holdings to $55 from $40 and keeps a Buy rating on the shares. The firm said the company’s bookings performance has been quite strong over the past couple of quarters, with another strong print in Q4 with win rates in the 50% range underscoring the breadth and depth of the company’s thoughtful product suite.