RBC Capital Reaffirms Their Buy Rating on Q2 Holdings (QTWO)

By Austin Angelo

In a report issued on May 1, Daniel Perlin from RBC Capital maintained a Buy rating on Q2 Holdings (QTWOResearch Report), with a price target of $73.00. The company’s shares closed last Friday at $78.07.

According to TipRanks.com, Perlin is a 5-star analyst with an average return of 13.5% and a 63.8% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Jack Henry & Associates.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Q2 Holdings with a $89.54 average price target, implying a 15.0% upside from current levels. In a report issued on April 23, KeyBanc also maintained a Buy rating on the stock with a $85.00 price target.

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Based on Q2 Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $86.84 million and GAAP net loss of $15.67 million. In comparison, last year the company earned revenue of $67.18 million and had a GAAP net loss of $11.86 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.