In a report released yesterday, Mayank Tandon from Needham reiterated a Buy rating on Q2 Holdings (NYSE: QTWO), with a price target of $70. The company’s shares closed yesterday at $59.65, close to its 52-week high of $64.25.
According to TipRanks.com, Tandon is a 5-star analyst with an average return of 19.5% and a 69.2% success rate. Tandon covers the Technology sector, focusing on stocks such as Sapiens International Corporation, SS&C Technologies Holdings, and Exlservice Holdings.
Q2 Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $64.50, an 8.1% upside from current levels. In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $68 price target.
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The company has a one-year high of $64.25 and a one-year low of $35.05. Currently, Q2 Holdings has an average volume of 348K.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Michael Maples, a Director at QTWO sold 47,099 shares for a total of $2,702,000.
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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.
