Q2 Holdings Upgraded to Buy at DA Davidson: Analyst Sees 10%-12% Organic Growth Ahead

DA Davidson upgraded Q2 Holdings (QTWO) to Buy from Neutral, citing a more attractive entry point following a 6-8 month share price pullback. The firm expects Q2 to generate 10%-12% organic growth in total revenue and higher growth in Subscription revenue over the next two years. DA Davidson has an unchanged $82 price target.