Compass Point analyst Dominick Gabriele maintains $Q2 Holdings (QTWO.US)$ with a buy rating, and maintains the target price at $107.
According to TipRanks data, the analyst has a success rate of 50.5% and a total average return of 6.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Q2 Holdings (QTWO.US)$'s main analysts recently are as follows:
The general demand for Q2 Holdings is still strong, and the company's profitability and free cash flow are particularly impressive. Going forward, attention will be on the potential for new and expanded deals to increase the subscription annual growth rate, as well as the possibilities for budgetary flexibility or mergers and acquisitions activity due to shifts in the administrative landscape.
The company's third-quarter performance exceeded expectations, showcasing a favorable shift towards higher recurring revenue growth. Subscription annual recurring revenue observed a 20% year-over-year increase, with subscription revenue growing by 18%. This shift towards subscription revenues for the company continues to provide positive momentum in its business operations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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