Bottomline Technologies price target lowered to $62 from $68 at Needham. Needham analyst Mayank Tandon lowered his price target on Bottomline Technologies to $62, saying that while its Q2 results were solid, the management guided Q3 below consensus and also reduced its outlook for FY19 due to FX headwinds. The analyst keeps his Buy rating on the shares however, stating that the company's bookings strength, supported by notable deal wins across its core service lines, underscores the underlying strength of its digital banking and B2B payments solutions.