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Fly News Breaks for December 15, 2017
QTWO
Dec 15, 2017 | 07:00 EDT
Loop Capital analyst Joseph Vafi keeps his Buy rating and $49 price target on Q2 Holdings, saying that his investor meetings with the management added to his confidence over the company's business performance and longer-term opportunity. In the short term, Vafi says the strong momentum in Tier 1 logo wins that started in Q3 may continue into Q4. Longer term, the analyst says the company's online banking platform positions it strategically "between consumer and business money" amid an evolving landscape of funding access.