Citigroup Downgrades Q2 Holdings to Neutral, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Schmidt has downgraded Q2 Holdings (NYSE:QTWO) from Buy to Neutral, while raising the price target from $72 to $90.
October 18, 2024 | 1:23 pm
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Citigroup has downgraded Q2 Holdings from Buy to Neutral, indicating a less bullish outlook, but raised the price target to $90, suggesting potential for price appreciation.
The downgrade from Buy to Neutral suggests a less optimistic view on QTWO's short-term performance, which could lead to a neutral impact on the stock price. However, the raised price target to $90 indicates potential for price appreciation, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100