Q2 Holdings price target raised to $48 from $40 at Stifel

Stifel raised the firm’s price target on Q2 Holdings to $48 from $40 and keeps a Buy rating on the shares after Q2 delivered what the firm calls “a strong finish to the year,” highlighted by record bookings and notable large deals. Management also offered an “optimistic look” into 2024-2026 growth trends, says the firm, which believes the margin profile of the business “will be in a much better place than what we’ve historically seen in the name” with subscription growth rates continuing to outpace corporate growth rates.