Q2 Holdings price target lowered to $100 from $125 at Stifel

Stifel analyst J. Parker Lane lowered the firm’s price target on Q2 Holdings (QTWO) to $100 from $125 and keeps a Buy rating on the shares. The strong bookings momentum the company delivered to close the year, its long-duration contract terms, and a variety of sustainable growth and margin drivers make the name an attractive near-term “hiding place” in software, the analyst tells investors. However, the firm is lowering its price target on multiple compression, the analyst noted.