Analysts Offer Insights on Technology Companies: Q2 Holdings (NYSE: QTWO) and MiX Telematics (NYSE: MIXT)

By Jason Carr

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Q2 Holdings (NYSE: QTWO) and MiX Telematics (NYSE: MIXT) with bullish sentiments.

Q2 Holdings (NYSE: QTWO)

In a report released today, Richard Davis from Canaccord Genuity reiterated a Buy rating on Q2 Holdings (NYSE: QTWO), with a price target of $33. The company’s shares opened today at $27.

According to TipRanks.com, Davis is a top 100 analyst with an average return of 8.2% and a 57.0% success rate. Davis covers the Technology sector, focusing on stocks such as Bottomline Technologies, Nuance Communications, and Ultimate Software.

Currently, the analyst consensus on Q2 Holdings is Strong Buy and the average price target is $30.50, representing a 13.0% upside.

In a report issued on October 26, BTIG also reiterated a Buy rating on the stock with a $32 price target.
MiX Telematics (NYSE: MIXT)

In a report released today, Michael Walkley from Canaccord Genuity reiterated a Buy rating on MiX Telematics (NYSE: MIXT), with a price target of $10. The company’s shares opened today at $6.07.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 12.3% and a 56.0% success rate. Walkley covers the Technology sector, focusing on stocks such as Sequans Communications S A, Digi International Inc., and Powerwave Technologies.

Currently, the analyst consensus on MiX Telematics is Moderate Buy and the average price target is $8.50, representing a 40.0% upside.

In a report released today, Oppenheimer also reiterated a Buy rating on the stock with a $7 price target.