Q2 Holdings price target raised to $60 from $48 at Stifel

Stifel raised the firm’s price target on Q2 Holdings to $60 from $48 and keeps a Buy rating on the shares. Recent conversations with industry consultants give us confidence in the long-term commitment to technology investment by the financial services sector, says the analyst, who expects Q2 will continue to track towards the three-year financial outlook that management offered in February after delivering record bookings and notable large deals to close the year.