Q2 Holdings price target raised to $82 from $75 at BTIG

BTIG raised the firm’s price target on Q2 Holdings to $82 from $75 and keeps a Buy rating on the shares after hosting the company’s management for investor meetings. The tone of the discussion was increasingly constructive around a number of key growth initiatives and internal efficiency programs, while the traction of the single platform product messaging is resonating with larger customers, especially with the breadth and depth of the Commercial line of business complemented by its Relationship Pricing lending solution, the analyst tells investors in a research note. BTIG added that Q2 has more than $1.5B of potential cross-sell opportunities within the existing customer base to sell Retail, SMB and Commercial Digital Banking as well as Relationship Pricing where only a portion of the platform exists today.