Raymond James Maintains Outperform on Envestnet, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Patrick O'Shaughnessy has maintained an Outperform rating on Envestnet (NYSE:ENV) and increased the price target from $46 to $55.
January 03, 2024 | 9:31 am
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Envestnet's Outperform rating is maintained by Raymond James, with a raised price target from $46 to $55, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish perspective on the stock, suggesting that the analyst expects the stock to perform well in the near term. Investors often view such updates as a sign of confidence in the company's future performance, which can lead to increased investor interest and potentially drive up the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100