Fly News Breaks for September 11, 2019
Sep 11, 2019 | 16:28 EDT
Canaccord Genuity analyst Joseph Vafi assumed coverage of Q2 Holdings and upgraded the shares to Buy from Hold with a price target of $97, up from $70. The Q2 story "just gains further traction," Vafi tells investors in a research note. The company's tier one bank signings, driven by accelerating cross-selling wins, were "stellar" in Q2, adds the analyst. Further, he believes Q2's total addressable market continues to expand materially.
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