A Glimpse Into The Expert Outlook On Envestnet Through 4 Analysts
Portfolio Pulse from Benzinga Insights
Envestnet (NYSE:ENV) has received mixed analyst ratings over the past three months, with a recent shift towards a neutral stance. The average 12-month price target is $56.5, marking an 11.33% increase from the previous target. Analysts from JP Morgan, RBC Capital, Raymond James, and DA Davidson have raised their price targets, reflecting optimism about Envestnet's market position despite its financial challenges such as lower ROE and ROA compared to industry averages, and a high debt-to-equity ratio.
February 23, 2024 | 7:01 pm
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Envestnet has seen a recent shift in analyst sentiment, with updated price targets suggesting optimism about its future performance despite financial challenges.
The increase in the average price target to $56.5 reflects a positive outlook from analysts, suggesting potential growth. However, the company's financial challenges, such as a lower ROE and ROA compared to industry averages and a high debt-to-equity ratio, are concerning. The recent upgrades in ratings and price targets by analysts from JP Morgan, RBC Capital, Raymond James, and DA Davidson indicate a belief in the company's ability to overcome these challenges and improve its market position.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100