Truist raised the firm’s price target on Q2 Holdings to $68 from $65 and keeps a Buy rating on the shares. After holding talks with its management, the firm is incrementally confident in the company executing against its 3-year model targets, the analyst tells investors in a research note. Q2’s bookings strength can be maintained thanks to a positive demand backdrop, along with company-specific growth drivers that lead to further acceleration in subscription revenue growth into 2025 and beyond, Truist added.
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