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Fly News Breaks for May 4, 2018
QTWO
May 4, 2018 | 06:23 EDT
Loop Capital analyst Joseph Vafi raised his price target on Q2 Holdings to $61 after a "very solid" bookings performance in Q1 with three "tier 1 deals". The analyst adds that the company's backlog now contains 10 large financial clients vs. none just several quarters ago, while noting that the macro backdrop for banks is also encouraging thanks to rising interest rates and strong economy. Vafi keeps his Buy rating on Q2 Holdings.