JPMorgan analyst Ella Smith placed shares of Q2 Holdings (QTWO) on “Positive Catalyst Watch” while keeping an Overweight rating on the name with a $110 price target After speaking with management, JPMorgan says Q2 is pursuing a large digital banking market opportunity by offering a unified platform that serves both retail and commercial clients. It sees “significant room” for expansion among its existing customer base. The shares should outperform into and following its next earnings report in February. the analyst tells investors in a research note.
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Read More on QTWO:
- Q2 Holdings price target raised to $82 from $76 at DA Davidson
- Q2 Holdings price target lowered to $90 from $115 at Needham
- Q2 Holdings price target lowered to $97 from $113 at Goldman Sachs
- Q2 Holdings price target lowered to $82 from $95 at Baird
- Q2 Holdings: Strong Financial Performance and Growth Prospects Justify Buy Rating