Lake Street analyst Mark Argento raised the firm’s price target on Envela (ELA) to $7 from $6 and keeps a Buy rating on the shares after the company reported “strong” Q3 results. After “two strong back-to-back quarters,” the firm says it sees a solid new store opening cadence and continued commercial growth remaining favorable tailwinds into Q4 and FY25.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELA: