Q2 Holdings price target raised to $78 from $68 at Truist

Truist raised the firm’s price target on Q2 Holdings to $78 from $68 and keeps a Buy rating on the shares. The company reported solid Q2 results with higher topline, bottom line, and cash flow metrics vs. its estimates, as well as continued momentum with customer wins across net new, expansion, and renewal deals, the analyst tells investors in a research note.