Q2 Holdings price target raised to $90 from $86 at DA Davidson

DA Davidson raised the firm’s price target on Q2 Holdings (QTWO) to $90 from $86 and keeps a Neutral rating on the shares. The firm cites the company’s better than expected Q4 revenue and adjusted EBITDA, noting that the increased mix towards Subscription revenue as well as an enhanced focus on cost controls has resulted in adjusted EBITDA increase by an impressive 62% over the prior year period, the analyst tells investors in a research note.