---
title: "Christopher Kennedy Reiterates Buy on Strong Q2 Beat, Higher Guidance, and Discounted Valuation vs. Slower-Growing Peers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284738176.md"
description: "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."
datetime: "2026-04-30T09:35:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284738176.md)
  - [en](https://longbridge.com/en/news/284738176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284738176.md)
---

# Christopher Kennedy Reiterates Buy on Strong Q2 Beat, Higher Guidance, and Discounted Valuation vs. Slower-Growing Peers

William Blair analyst Christopher Kennedy has maintained their bullish stance on QTWO stock, giving a Buy rating on April 27.

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Christopher Kennedy has given his Buy rating due to a combination of factors, starting with Q2’s continued outperformance versus expectations on both revenue and adjusted EBITDA, as well as raised guidance underpinned by structurally higher gross margin from the now-complete cloud migration. He also points to management’s long‑term targets for meaningful margin expansion by 2030, supported by strong subscription growth and additional cost efficiencies expected to emerge beyond 2027.

In addition, Kennedy highlights that the stock trades at a discount to recent takeout multiples for slower‑growing peers, implying attractive upside for long‑term investors once sentiment toward banktech and broader software normalizes. He underscores robust demand signals, including record March‑quarter sales activity, rising backlog, and double‑digit growth in subscription ARR, along with growing diversification beyond core digital banking, evidenced by marquee wins such as the company’s largest‑ever fraud contract.

According to TipRanks, Kennedy is an analyst with an average return of \-0.7% and a 37.27% success rate. Kennedy covers the Technology sector, focusing on stocks such as Euronet Worldwide, Fidelity National Info, and Jack Henry & Associates.

In another report released on April 27, KeyBanc also reiterated a Buy rating on the stock with a $0.00 price target.

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