Baird raised the firm’s price target on Q2 Holdings to $60 from $50 and keeps an Outperform rating on the shares. The firm met with management and came away positive that the tone around demand is the best it has been in some time, underpinned by customers focusing on deposit activities, product differentiation in digital banking is driving large new “lands” and providing multiple avenues for future expansion, and strong EBITDA/FCF execution.
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Read More on QTWO:
- Monex USA announces integration with Q2’s Digital Banking Platform
- Q2 Holdings price target raised to $58 from $48 at DA Davidson
- Q2 Holdings price target raised to $55 from $40 at Canaccord
- Q2 Holdings price target raised to $58 from $50 at Needham
- Q2 Holdings price target raised to $48 from $40 at Stifel
