Envestnet Stock Fair Value – Raymond James Raises Envestnet Price Target to $74.00

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Envestnet ($NYSE:ENV), Inc. (NYSE:ENV) is a leading provider of financial technology and services for financial advisors and firms. Raymond James recently raised its price target for Envestnet to $74.00 at Defense World. This follows the strong performance of the company’s shares over the past several months. Raymond James analysts noted that Envestnet has continued to gain traction in the wealth management space, with its innovative technology and services gaining further acceptance from financial advisors as a valuable asset.

Additionally, the company’s focus on cost efficiency and cost reduction strategies have also helped it to increase its margins and profits over time. Overall, Raymond James remains bullish on Envestnet’s prospects and has set a new price target of $74.00 for the stock. With the company set to benefit from its ongoing product and service innovations, this could be an attractive entry point for investors looking for upside potential in the tech sector.

Stock Price

This was a significant increase from the prior closing price of $60.9, with ENVESTNET stock opening at $61.5 and closing at $61.6, up by 1.2%. Analysts have noted that the increasing demand for financial technology and digital advice services are likely to continue maintaining a positive outlook for ENVESTNET’s performance in the near-term. Envestnet_Price_Target_to_74.00″>Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Envestnet. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Envestnet. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Envestnet. More…

Key Ratios Snapshot

Some of the financial key ratios for Envestnet are shown below. More…

Analysis – Envestnet Stock Fair Value

At GoodWhale, we have been analyzing the fundamentals of ENVESTNET and our proprietary Valuation Line has made it possible for us to calculate a fair value for its stock. Our analysis shows that the fair value of ENVESTNET share is around $74.4. However, the current traded price of ENVESTNET stock is at $61.6, which is a fair price undervalued by 17.2%. This presents an opportunity for investors to buy ENVESTNET stock at a discounted rate. Envestnet_Price_Target_to_74.00″>More…

Peers

The competition between Envestnet Inc and its competitors is fierce. Each company is vying for market share and customer loyalty. Envestnet Inc has a strong product offering and a loyal customer base.

However, its competitors are not to be underestimated. Liquid Holdings Group Inc, Clearwater Analytics Holdings Inc, and Centergistic Solutions Inc are all viable competitors in the market.

– Liquid Holdings Group Inc ($OTCPK:LIQDQ)

Liquid Holdings Group Inc is a financial technology company that provides an integrated suite of cloud-based solutions for the global hedge fund and active trading markets. The company’s solutions include order and execution management, portfolio and risk management, and compliance and reporting. Liquid Holdings Group Inc is headquartered in New York, New York.

– Clearwater Analytics Holdings Inc ($NYSE:CWAN)

Clearwater Analytics Holdings Inc is a provider of cloud-based software solutions for the global insurance industry. The company’s software solutions are used by insurance companies and other financial institutions to manage their investment portfolios, including risk management and compliance. Clearwater’s software solutions are delivered through a software-as-a-service (SaaS) model and are available on a subscription basis.

Summary

Envestnet is an investment data and technology service provider, offering a wide range of products and services for financial advisors. Recently, Raymond James analysts have set a new price target of $74.00 for Envestnet. This is based on their analysis of the company’s financial performance over the past year, as well as their outlook for the near future. Their assessment suggests that Envestnet should deliver strong returns from its existing portfolio of offerings, and should benefit from an expanding base of customers.

The analysts also believe that Envestnet’s data and technology solutions will become increasingly important in helping investors make decisions in a rapidly changing market. They see this as likely leading to improved operational efficiencies and growth opportunities for the company.