Q2 Holdings Inc. (NYSE:QTWO) is one of the 10 technology stocks offering more than 50% upside.
On April 30, the price target for Q2 Holdings Inc. (NYSE:QTWO) was reduced by Goldman Sachs from $86 to $77, leading to an adjusted upside potential of almost 63%
The firm maintained its Buy rating on the stock. Goldman Sachs noted that for the first quarter, the company reported impressive top and bottom line figures as the subscription annual run rate kept growing steadily. Consequently, subscription revenue picked up speed, and RPO expansion also remained remarkably strong.
Also on April 30, Raymond James decreased its price target on Q2 Holdings Inc. (NYSE:QTWO) from $80 to $75, resulting in a revised upside potential of more than 58%. The firm also reiterated an Outperform rating on the stock. The underlying business looks very healthy, as the firm highlighted an impressive increase in profit margins and record-breaking new subscription bookings.