Q2 Holdings price target raised to $60 from $50 at Truist

Truist raised the firm’s price target on Q2 Holdings to $60 from $50 and keeps a Buy rating on the shares. The firm is incrementally confident in the company successfully monetizing its numerous growth drivers over a multi-year basis and views Q2 as one of the better model visibility setups in its coverage, the analyst tells investors in a research note. Truist adds that it looks for bookings strength to continue, driving further multiple expansion for Q2 shares.