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Fly News Breaks for February 10, 2017
ELLI
Feb 10, 2017 | 08:59 EDT
Roth Capital analyst Richard Baldry notes that Ellie Mae Q4 results again "beat handily" at the top and bottom lines. The analyst views the pullback in the shares as an "opportunistic entry point" and expects upside to both near-term results and Ellie Mae's valuation. Baldry reiterates a Buy rating and $131 price target on the shares as he believes 2017 will be a "fundamentally good year" for the company.
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