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Fly News Breaks for February 21, 2020
Feb 21, 2020 | 08:44 EDT
SunTrust analyst Terry Tillman raised his price target on Q2 Holdings to $108 and kept his Buy rating, noting that while its Q4 results were "mixed", the company is well positioned for strong revenue growth in 2020 and 2021 thanks to its "strong" Tier 1 wins, record renewals, and key wins with Cloud Lending and PrecisionLender. The analyst adds that a "much bigger" total addressable market should support strong growth for Q2 over the long term.
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