RBC Capital analyst Daniel Perlin initiated coverage of Wealthfront (WLTH) with an Outperform rating and $17 price target The company is well positioned to compound revenue growth at a high-teens rate for the next several years, the analyst tells investors in a research note. RBC says Wealthfront has “tapped into the large and growing” wealth accumulation market for “digital natives.” The company has a durable business model for multiple market environments, adds the firm.
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Read More on WLTH:
- Wealthfront initiated with an Overweight at JPMorgan
- Wealthfront: Scalable Fintech Model, Robust Organic Growth, and Underappreciated Earnings Power Support Overweight/Buy Rating
- Wealthfront: Automation-Driven Fintech at Scale With Durable Growth and High-Margin Profitability Supporting Buy Rating
- Wealthfront initiated with a Neutral at Goldman Sachs
- Wealthfront: Attractive Long-Term Growth Prospects Offset by Rate Sensitivity and Execution Risks, Justifying a Hold Rating