RBC Capital lowered the firm’s price target on Q2 Holdings (QTWO) to $67 from $86 and keeps a Sector Perform rating on the shares. The company’s Q4 results reflected the company’s strong bookings and an improved margin profile, the analyst tells investors in a research note. An early look into FY27’s subscription growth at 12.5%-13%, however, put some pressure on the share price along with a broader negative sentiment in software, RBC adds.
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Read More on QTWO:
- Q2 Holdings price target lowered to $80 from $90 at Cantor Fitzgerald
- Q2 Holdings price target lowered to $75 from $90 at Stifel
- Q2 Holdings price target lowered to $68 from $82 at Morgan Stanley
- Q2 Holdings price target lowered to $100 from $110 at JPMorgan
- Q2 Holdings: Compelling Buy on Strong Fundamentals, Robust Demand, and Attractive Valuation Entry Point