Q2 Holdings price target raised to $65 from $58 at DA Davidson

DA Davidson raised the firm’s price target on Q2 Holdings to $65 from $58 and keeps a Buy rating on the shares. The company had another solid bookings quarter, and over the next two years, Q2 should be able to generate 10%-12% organic growth in total revenue, with growth in Subscription revenue closer to 13%-14%, the analyst tells investors in a research note.