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.
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