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Fly News Breaks for September 13, 2017
ELLI
Sep 13, 2017 | 07:14 EDT
Oppenheimer analyst Brian Schwartz believes the recent sell-off in Ellie Mae provides investors with an opportunity to buy a category leader at an attractive valuation. The analyst notes that the company's momentum in bookings, customer acquisition, and loan volumes remains healthy, and its technology leadership in the market will extend in 4Q from new tech announcements and the Velocify closing. He reiterates an Outperform rating and $101 price target on the shares.
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