JMP Securities Maintains Market Outperform on Envestnet, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Devin Ryan has maintained a Market Outperform rating on Envestnet (NYSE:ENV) but lowered the price target from $80 to $78.
October 10, 2023 | 4:21 pm
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NEUTRAL IMPACT
Envestnet's price target has been lowered from $80 to $78 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors. However, the maintenance of the Market Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100