Cantor Fitzgerald initiated coverage of Q2 Holdings (QTWO) with an Overweight rating and $110 price target naming it among the firm’s top picks in application software. Q2 is delivering re-accelerating revenue growth following greatly improved bookings performance, especially in Commercial and Relationship pricing areas, as demand for modern, digital banking solutions since the pandemic remains “robust,” the analyst tells investors. The firm expects Q2 to continue to gain market share from legacy core vendors, the analyst added.
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Read More on QTWO:
- Q2 Holdings price target lowered to $101 from $108 at RBC Capital
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- Q2 Holdings price target lowered to $110 from $125 at Needham
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- Q2 Holdings price target raised to $93 from $89 at Morgan Stanley