Q2 Holdings PT Raised to $16.00 (QTWO)
Canaccord Genuity hoisted their target price on shares of Q2 Holdings (NASDAQ:QTWO) from $15.00 to $16.00 in a research note issued on Friday. Canaccord Genuity’s target price would indicate a potential upside of 4.30% from the stock’s previous close.
Shares of Q2 Holdings (NASDAQ:QTWO) traded up 18.09% on Friday, hitting $15.34. The stock had a trading volume of 467,167 shares. Q2 Holdings has a 52-week low of $9.62 and a 52-week high of $17.38. The stock’s 50-day moving average is $13.98 and its 200-day moving average is $13.73. The company’s market cap is $522.8 million.
Q2 Holdings (NASDAQ:QTWO) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.04. The company had revenue of $19.20 million for the quarter, compared to the consensus estimate of $18.09 million. During the same quarter last year, the company posted ($0.28) earnings per share. Q2 Holdings’s revenue was up 37.1% compared to the same quarter last year. On average, analysts predict that Q2 Holdings will post $-0.60 earnings per share for the current fiscal year.
Separately, analysts at Raymond James raised their price target on shares of Q2 Holdings from $14.00 to $16.00 in a research note on Friday. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $17.17.
Q2 Holdings, Inc (NASDAQ:QTWO) is a provider of secure, cloud-based virtual banking solutions.
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