Q2 Holdings price target raised to $90 from $65 at Morgan Stanley
The Fly

Q2 Holdings price target raised to $90 from $65 at Morgan Stanley

Morgan Stanley analyst Michael Infante raised the firm’s price target on Q2 Holdings (QTWO) to $90 from $65 and keeps an Equal Weight rating on the shares. The overall demand environment for Q2 “continues to remain robust,” says the analyst, who adds that profitability and free cash flow “continue to shine.” From here, the firm will be focused on the capacity of incremental net new / expansion deals to tick up the subscription compound annual growth rate, as well as any budget or M&A unlock from a change in administration, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App