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Fly News Breaks for September 27, 2018
QTWO
Sep 27, 2018 | 16:42 EDT
Stephens analyst Brett Huff initiated Q2 Holdings with an Equal Weight rating and a price target of $70. The analyst notes that the company has the ability to continue to grow revenue by over 20% while expanding its EBITDA margins to its long-term target of 20%-25%. Huff also sees the stock as "fairly valued" at a multiple of 8-times enterprise value to forward revenue, but adds that he could be "more interested" if revenue growth accelerates from the company's "successful move upmarket".
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