Christopher Kennedy Reiterates Buy on Strong Q2 Beat, Higher Guidance, and Discounted Valuation vs. Slower-Growing Peers
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William Blair analyst Christopher Kennedy has reiterated a Buy rating on QTWO stock, citing strong Q2 performance, raised guidance, and a discounted valuation compared to slower-growing peers. He highlights continued revenue and EBITDA outperformance, structural gross margin improvements from cloud migration, and long-term margin expansion targets. Kennedy notes robust demand signals, including record sales activity and double-digit subscription growth, alongside diversification efforts. KeyBanc also maintained a Buy rating on the stock.
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