Piper Sandler analyst Bill Carcache initiated coverage of five payment stocks. Q2 Holdings (QTWO) received an Overweight rating with an $82 price target, citing durable growth potential. Jack Henry & Associates (JKHY), Fidelity National Information Services (FIS), Global Payments (GPN), and WEX (WEX) were assigned Neutral ratings with price targets of $171, $42, $101, and $209 respectively, highlighting balanced risk-reward profiles amidst valuation concerns or execution challenges.