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Investing.com - Truist Securities maintained its Buy rating and $110.00 price target on Q2 Holdings (NYSE:QTWO) following an intra-quarter discussion with the company.
The research firm highlighted insights from its recent catchup with Q2 Holdings, which covered several key topics including the company’s annual Connect conference and its newly announced Direct ERP product.
Truist Securities also discussed Q2’s pricing strategy and its relationship with Amazon (NASDAQ:AMZN) Web Services (AWS) during the conversation with the financial technology provider.
The firm expressed confidence in its Buy recommendation, citing expectations for "continued positive demand backdrop driving resilient strength in bookings" for Q2 Holdings.
Truist Securities also pointed to Q2’s "long-term revenue visibility" as a factor that should influence "steadily increasing earnings and cash flow" for the company.
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