Q2 Holdings price target lowered to $110 from $125 at Needham

Needham lowered the firm’s price target on Q2 Holdings (QTWO) to $110 from $125 and keeps a Buy rating on the shares. The firm reduced its price target on the stock to reflect lower valuations for financial SaaS stocks, though the company’s Q1 saw “impressive” margin expansion with a beat and raise performance, the analyst tells investors in a research note. The risk-reward for Q2 shares remains favorable, Needham adds.