SunTrust analyst Oscar Turner initiated Envestnet with a Buy rating and a price target of $80, citing the company's "product leadership" and large total addressable market for wealth management software that allows financial advisors to spend more time on client recruitment and service. The analyst points to the company's "impressive" 5-year annualized revenue growth of about 40% and believes that the shift to fee-based advisors, along with "increased demand for unified platforms", will continue as "tailwinds" for Envestnet. Turner adds that the platform contains an "opportunity to cross-sell new solutions within its existing customer base", driving the company's long-term organic revenue growth in "at least the low double-digit range."