Analysts set a $82 price target for Q2 Holdings, citing strong digital banking growth and recent bookings despite stock declines.
DA Davidson reiterated a Buy rating on Q2 Holdings (QTWO) with an $82 target, implying a 91% upside from current levels. The firm highlighted the company’s strong growth in digital banking and lending solutions for mid-sized to large financial institutions.
QTWO reported Q1 revenue and profitability ahead of expectations on April 29, though Goldman Sachs later cut its price target to $77 from $86. The stock has since fallen to 52-week lows despite positive analyst sentiment and consistent quarterly bookings.
The company’s focus on digital solutions for fintech firms and financial institutions underpins its growth strategy, according to DA Davidson’s research note.