Piper Sandler Rates Q2 Holdings (QTWO) Overweight with $82 Target

On September 10, Piper Sandler initiated coverage of Q2 Holdings, Inc. (NYSE:QTWO) with an Overweight rating and a price target of $82. For Q2 2026, Q2 Holdings reported revenue of $219.8 million, a 13% increase year-over-year, and GAAP net income rose to $29.9 million from $11.8 million. The company's subscription annualized recurring revenue increased 15% year-over-year to $825.5 million. While demand remains strong, total non-subscription revenue was flat, and hedge fund interest in the stock declined from 37 to 31 funds in Q2 2026. This significant rating and performance could influence investor sentiment around QTWO shares.