Morgan Stanley raised the firm’s price target on Q2 Holdings (QTWO) to $93 from $89 and keeps an Equal Weight rating on the shares. 14% year-over-year subscription ARR growth was in line with investor expectations and the FY25 subscription revenue growth target was raised to 15.5% year-over-year, notes the analyst, who sees consensus and the investment community “migrating closer” to the firm’s FY26 subs revenue growth forecast of 14% year-over-year.
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Read More on QTWO:
- Q2 Holdings: Strong Financial Performance and Strategic Growth Justify Buy Rating
- Q2 Holdings Reports Strong Q1 2025 Financial Performance
- Q2 Holdings reports Q1 adjusted EBITDA $40.7M vs. $25.2M last year
- Q2 Holdings sees Q2 revenue $191M-$195M, consensus $191.8M
- Q2 Holdings raises FY25 revenue view to $786M-$783M, consensus $775.3M