JMP Securities analyst Devin Ryan reiterated a Buy rating on Envestnet (NYSE:ENV) Inc on Thursday, setting a price target of $94, which is approximately 22.06% above the present share price of $77.01.
Ryan expects Envestnet Inc to post earnings per share (EPS) of -$0.15 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Envestnet, with an average price target of $84.86.
The analysts price targets range from a high of $94 to a low of $63.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $288.74 million and a net profit of $10.93 million. The company's market cap is $4.2 billion.
According to TipRanks.com, JMP Securities analyst Devin Ryan is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.9% and a 77.18% success rate.
Envestnet, Inc. engages in the provision of intelligent systems for wealth management and financial wellness. It operates through the Envestnet and Envestnet/Yodlee business segments. The Envestnet segment provides wealth management software and services to empower financial advisors and institutions. The Envestnet/ Yodlee segment offers a data aggregation and data intelligence platform for digital financial services. The company was founded by Judson Taft Bergman, James Winfield Lumberg and Brandon Rockwell Thomas in 1999 and is headquartered in Chicago, IL.