On Nov 08, major Wall Street analysts update their ratings for $Q2 Holdings (QTWO.US)$, with price targets ranging from $93 to $120.
Goldman Sachs analyst Adam Hotchkiss maintains with a buy rating, and adjusts the target price from $86 to $103.
Citi analyst Andrew Schmitt maintains with a hold rating, and adjusts the target price from $90 to $96.
Needham analyst Mayank Tandon maintains with a buy rating, and adjusts the target price from $90 to $120.
Stifel analyst J. Parker Lane maintains with a buy rating, and adjusts the target price from $85 to $100.
KeyBanc analyst Alex Markgraff maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Q2 Holdings (QTWO.US)$'s main analysts recently are as follows:
The demand environment for Q2 Holdings is reported to remain strong, with profitability and free cash flow performing notably well. Looking forward, attention will be on the potential for an increase in incremental net new or expansion deals to enhance the subscription compound annual growth rate, along with the possibilities for budget or mergers and acquisitions activity due to changes in administrative policies.
Q2 Holdings' third-quarter performance surpassed expectations, underscoring a favorable shift toward more consistent revenue streams. This is evident from the 20% year-over-year increase in subscription annual recurring revenue and an 18% rise in subscription revenue. The sustained momentum within the business and the ongoing transition toward subscription-based revenues are seen as positive developments.
Here are the latest investment ratings and price targets for $Q2 Holdings (QTWO.US)$ from 11 analysts:
Note:
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