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Fly News Breaks for February 15, 2018
QTWO
Feb 15, 2018 | 06:26 EDT
Loop Capital analyst Joseph Vafi raised his price target on Q2 Holdings to $51 from $49 after the company's "record" Q4 bookings performance with four Tier 1 deals after three such deals in Q3. The analyst notes that that Q2 Holdings' backlog now includes 7 large financial institutions vs. none a few quarters ago and the pipeline for growth remains healthy, anticipating a "modest top-line reacceleration later in 2018 as new Tier 1 logo wins go into production". Vafi keeps his Buy rating on Q2 Holdings.
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