Q2 Holdings price target raised to $75 from $60 at BTIG

BTIG raised the firm’s price target on Q2 Holdings to $75 from $60 and keeps a Buy rating on the shares. The company reported better-than-expected Q2 results with meaningful upside to revenue, EBITDA, and free cash flow on the heels of another very strong bookings performance, the analyst tells investors in a research note. The biggest inflection in trends is around the pace and scale of expansion deals with existing customers, where a number of customers are extending current deployments to take on the entire digital banking platform across retail, SMB and Commercial, the firm added.