Information Provided By: 
Fly News Breaks for December 5, 2016
ELLI
Dec 5, 2016 | 08:40 EDT
Pacific Crest analyst Brent Bracelin notes that Elli Mae's stock has tumbled 27% in the last month. He blames the decline on fears of rising interest rates and a sharp decline in mortgage refinancing. Calling the stock "one of the highest-margin (software as a service) pure-plays growing north of 20%," the analyst thinks that the stock can reach $128 in a year. He keeps an Overweight rating on the shares.
News For ELLI From the Last 2 Days
There are no results for your query ELLI
