KeyBanc upgraded Q2 Holdings (QTWO) to Overweight from Sector Weight with a $126 price target The firm cites the company’s durable subscription revenue growth and potential for more bank mergers for the upgrade. Q2’s revenue growth has “some meat left on the bone,” the analyst tells investors in a research note. Bank mergers are a “call option” for the medium-term, with a greater likelihood of deals under the incoming administration, the analyst tells investors in a research note.
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