Q2 Holdings Price Target Increased to $16.00 by Analysts at Raymond James (QTWO)
Research analysts at Raymond James upped their price target on shares of Q2 Holdings (NASDAQ:QTWO) from $14.00 to $16.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 4.30% from the stock’s previous close.
Q2 Holdings (NASDAQ:QTWO) opened at 15.34 on Friday. Q2 Holdings has a 52 week low of $9.62 and a 52 week high of $17.38. The stock has a 50-day moving average of $13.98 and a 200-day moving average of $13.75. The company’s market cap is $522.6 million.
Q2 Holdings (NASDAQ:QTWO) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters 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 $-0.57 earnings per share for the current fiscal year.
Q2 Holdings, Inc (NASDAQ:QTWO) is a provider of secure, cloud-based virtual banking solutions.
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