Research Notes: Is Q2 Holdings' 28% Decline Justified?

QTWO seems like an unjustified victim of a widespread banking panic. A closer look suggests the market has it right.

📍TL;DR

• Investors looking to “buy the dip” amid a rout in banking stocks might well take a look at QTWO.

• Q2 isn’t a bank: it’s a software platform serving banks. The nature of its business would suggest that, barring a massive string of failures, financial results should hold up.

• But the nature of the business model suggests a 28% one-week decline might ac…