Raymond James Maintains Outperform on Envestnet, Raises Price Target to $60
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 $52 to $60.
April 02, 2024 | 4:43 pm
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Raymond James has maintained an Outperform rating on Envestnet and raised the price target from $52 to $60.
The increase in price target by a reputable analyst firm like Raymond James typically signals a strong bullish outlook on the stock, suggesting that the firm believes Envestnet's stock price will rise and outperform the market in the short term. This can lead to increased investor confidence and potentially drive up the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100