Needham Reiterates Their Buy Rating on Q2 Holdings Inc (QTWO)

By Austin Angelo

Needham analyst Mayank Tandon reiterated a Buy rating on Q2 Holdings Inc (QTWOResearch Report) today and set a price target of $100.00. The company’s shares closed last Monday at $75.21.

According to TipRanks.com, Tandon is a 5-star analyst with an average return of 16.0% and a 61.7% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Exlservice Holdings, and CoStar Group.

Currently, the analyst consensus on Q2 Holdings Inc is a Strong Buy with an average price target of $94.13.

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Based on Q2 Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $17.33 million. In comparison, last year the company had a GAAP net loss of $8.86 million.

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Q2 Holdings, Inc. engages in the provision of digital banking solutions. Its services offers security, advisory, web services, custom services and end user marketing solutions. The company was founded by Robert H. Seale III on March 31, 2005 and is headquartered in Austin, TX.