Q2 Holdings upgraded to Buy at DA Davidson on valuation

As previously reported, DA Davidson upgraded Q2 Holdings (QTWO) to Buy from Neutral with an unchanged $82 price target The firm is “not making a call” on the upcoming Q4 results per se, but believes that the pullback in the shares over the last 6-8 months has created a more attractive entry point, the analyst tells investors in a research note. Over the next two years, Q2 should be able to generate 10%-12% organic growth in total revenue, with higher growth in Subscription revenue, the firm added.