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Q2 Holdings price target lowered to $75 from $80 at Raymond James

Raymond James lowered the firm’s price target on Q2 Holdings (QTWO) to $75 from $80 and keeps an Outperform rating on the shares. Q2 Holdings delivered strong Q1 results with record subscription annual recurring revenue bookings, a multi-year high incremental EBITDA margin, and an above-consensus outlook, supported by continued enterprise wins and robust demand in digital banking, fraud, and platform consolidation opportunities, the analyst tells investors in a research note.

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