DA Davidson Raises PT on Q2 Holdings (QTWO) to $82, Maintains "Neutral" Rating

Q2 Holdings, Inc. (NYSE:QTWO) is included in our list of the overlooked tech stocks to invest in.

On November 12, 2025, DA Davidson’s Peter Heckmann raised his price target on Q2 Holdings, Inc. (NYSE:QTWO) from $76 to $82, while reiterating a “Neutral” rating.

The price revision reflects Q2 Holdings, Inc. (NYSE:QTWO)’s stronger-than-expected Q3 results, where its total revenue and adjusted EBITDA surpassed analyst forecasts by 2% and 7%, respectively. Furthermore, the analyst’s raised target reflects the management’s upbeat preliminary guidance for 2026, which was driven by the expected continuation of margin expansion and solid subscription revenue growth.

Q2 Holdings, Inc. (NYSE:QTWO) reported its third-quarter results on November 5. The quarter marked a 15% YoY revenue growth, taking it to $201.7 million. The top-line growth helped the company record a 50% sequential increase in adjusted EBITDA, bringing it to $48.8 million. The company’s CEO, Matt Flake, attributed the strong performance to the record quarterly bookings and expansions, which in turn were driven by QTWO’s ongoing AI-driven innovation and disciplined execution.

During the quarter, Q2 Holdings, Inc. (NYSE:QTWO) announced a $150 million share repurchase program, which also boosted analyst sentiment. Moreover, leadership changes occurred during the quarter aimed at enhancing operational efficiency. Looking ahead, the company seems well-positioned for sustainable growth in 2026 and beyond, thanks to accelerating demand for digital banking solutions.

Q2 Holdings, Inc. (NYSE:QTWO) delivers digital transformation solutions to financial institutions and fintech companies.

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