RBC Capital raised the firm’s price target on Envestnet to $64 from $56 and keeps a Sector Perform rating on the shares. The company’s Q1 results were roughly in line with expectations, the analyst tells investors in a research note, adding however that the quarter was highlighted by its solid competitive position and solutions set driving asset flows that were significantly ahead of the firm’s forecast.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENV:
- ENV Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- M&A News: Envestnet Stock (NYSE:ENV) Spikes on Buyout Rumors
- Sources tell Reuters Envestnet exploring sale after receiving takeover interest
- Envestnet up 14% after report on company exploring sale
- Envestnet exploring options, including potential sale, Reuters says