DA Davidson keeps a Buy rating and $82 price target on Q2 Holdings while also adding the stock to the firm's "Best-of-Breed Bison List" seeking out companies with outstanding business opportunity, enduring moat, exceptional financials, and compelling risk-reward. The company has a focused business strategy and growth plan, generating virtually all of their revenue from providing best of class Digital Banking, Digital Lending, and related technology solutions to help mid-sized and large US financial institutions better serve and retain customers, the analyst tells investors in a research note. The company has also produced an impressive string of strong quarterly bookings over the last three years, experiencing an uptick in new bookings activity, the firm added.
