BTIG analyst Mark Palmer upgraded Q2 Holdings (QTWO) to Buy from Neutral with a $95 price target, saying the recent pullback in the stock price offers an attractive entry point given the company's takeout target potential. The analyst notes that Q2 Holdings has built a track record around leveraging its online and mobile SaaS banking platform to help North America financial institutions to upgrade their outdated online and mobile banking offerings. Palmer adds that the company has now "rapidly evolved" by competing aggressively for the business of Tier 1 financial institutions. The analyst further states that Q2 Holdings has become more of a threat to larger competitors Jack Henry (JKHY), Fiserv (FISV) and FIS (FIS).