JMP Securities Maintains Market Outperform on Envestnet, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Devin Ryan has maintained a Market Outperform rating on Envestnet (NYSE:ENV) but has reduced the price target from $78 to $76.
November 10, 2023 | 7:44 pm
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NEUTRAL IMPACT
Envestnet's stock rating remains positive with a Market Outperform, but the price target has been lowered from $78 to $76 by JMP Securities.
The reduction in price target by JMP Securities could suggest a slightly more conservative outlook on Envestnet's future price performance. However, since the rating remains Market Outperform, the overall sentiment is still bullish. The impact on the stock price may be neutral to slightly negative in the short term as the market digests the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100