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ELLI

Ellie Mae

$94.00

-0.93 (-0.98%)

07:31
04/12/18
04/12
07:31
04/12/18
07:31

Ellie Mae downgraded to Underperform at Wedbush

As previously reported, Wedbush analyst Jason Weaver downgraded Ellie Mae to Underperform from Neutral based upon what is shaping up to be a disappointing year for mortgage originations in 2018, as well as some amount of skepticism around the company's ability to achieve its long-term growth and profitability targets in what is increasingly a maturing market for mortgage loan origination systems and a challenging market for their customers. The analyst also lowered his price target on the shares to $69 from $90.

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ELLI Ellie Mae
$94.00

-0.93 (-0.98%)

04/12/18
WEDB
04/12/18
DOWNGRADE
WEDB
Underperform
Ellie Mae downgraded to Underperform from Neutral at Wedbush
03/21/18
JPMS
03/21/18
NO CHANGE
Target $112
JPMS
Overweight
Ellie Mae long-term targets achievable, says JPMorgan
JPMorgan analyst Sterling Auty believes Ellie Mae at yesterday's analyst day struck a positive note in terms of both the near and long-term outlook. The company is targeting to deliver $1B in revenue by 2022-2023, implying 20% annual growth. These long-term targets are achievable given Ellie Mae's large market opportunity, Auty tells investors in a research note. He keeps an Overweight rating on the shares with a $112 price target.
03/16/18
KEYB
03/16/18
NO CHANGE
Target $120
KEYB
Overweight
Ellie Mae shares are 'undervalued and underappreciated,' says KeyBanc
KeyBanc analyst Brent Bracelin thinks 2018 should be the year that Ellie Mae shares "break out from the investor perception that its growth trajectory could be eroded by rising interest rates." New subscription revenue, incremental transactional revenue and the company's digital mortgage initiatives should drive accelerated growth in 2018, Bracelin tells investors in a research note titled "Underappreciated and Undervalued." He keeps an Overweight rating on Ellie Mae with a $120 price target.
01/09/18
01/09/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) upgraded to Buy from Hold at Sandler O'Neill with analyst R. Scott Siefers saying he sees opportunity for Wells in cost control, capital management, and the valuation. 2. AXIS Capital (AXS) upgraded to Market Perform from Underperform at Wells Fargo with analyst Elyse Greenspan saying the current valuation limits the downside risk. 3. Sunoco (SUN) upgraded to Overweight from Neutral at JPMorgan with analyst Andrew Burd saying he estimates Sunoco will save $290M on its pending 7-Eleven sale tax bill versus prior expectation following the U.S. tax reform. 4. Ellie Mae (ELLI) upgraded to Overweight from Equal Weight at Barclays with analyst Saket Kalia saying mortgage volume processed by the company's platform will accelerate for the next two years. 5. PayPal (PYPL) upgraded to Outperform from Market Perform at Cowen with analyst George Mihalos saying he believes most of the bear worries, including margin compression, eBay (EBAY) renewal concerns, and a take-rate collapse, will not play out. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LOW

Lowe's

$86.15

-5.19 (-5.68%)

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11/21/18
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LMB

Limbach Holding

$4.85

-1.04 (-17.66%)

, FIX

Comfort Systems USA

$52.64

-1.06 (-1.97%)

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LMB

Limbach Holding

$4.85

-1.04 (-17.66%)

FIX

Comfort Systems USA

$52.64

-1.06 (-1.97%)

EMKR

Emcore

$4.42

-0.02 (-0.45%)

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08:34
11/21/18
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08:34
General news
Jobless Claims data reported »

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DXCM

DexCom

$119.89

-1.34 (-1.11%)

, GOOG

Alphabet

$1,026.00

7 (0.69%)

08:33
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DexCom, Alphabet, Alphabet Class A analyst commentary  »

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DXCM

DexCom

$119.89

-1.34 (-1.11%)

GOOG

Alphabet

$1,026.00

7 (0.69%)

GOOGL

Alphabet Class A

$1,031.22

4.99 (0.49%)

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LUXTY

Luxottica

$0.00

(0.00%)

08:31
11/21/18
11/21
08:31
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08:31
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Luxottica rating change  »

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AGCO

Agco

$57.86

0.5 (0.87%)

, DE

Deere

$138.49

-4.04 (-2.83%)

08:29
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Hot Stocks
Agco drops 2% after Deere issues FY19 guidance »

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AGCO

Agco

$57.86

0.5 (0.87%)

DE

Deere

$138.49

-4.04 (-2.83%)

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USCR

U.S. Concrete

$34.14

-1.6 (-4.48%)

08:25
11/21/18
11/21
08:25
11/21/18
08:25
Recommendations
U.S. Concrete analyst commentary  »

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HUM

Humana

$307.50

-2.87 (-0.92%)

, WBA

Walgreens Boots Alliance

$79.82

-2.11 (-2.58%)

08:25
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11/21
08:25
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08:25
Recommendations
Humana, Walgreens Boots Alliance, Amazon.com, CVS Health, Aetna, UnitedHealth analyst commentary  »

Humana-Walgreens…

HUM

Humana

$307.50

-2.87 (-0.92%)

WBA

Walgreens Boots Alliance

$79.82

-2.11 (-2.58%)

AMZN

Amazon.com

$1,495.60

-16.07 (-1.06%)

CVS

CVS Health

$75.52

-3.02 (-3.85%)

AET

Aetna

$204.15

-3.535 (-1.70%)

UNH

UnitedHealth

$261.52

-4.52 (-1.70%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
11/21/18
11/21
08:21
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08:21
Technical Analysis
DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
11/21/18
11/21
08:20
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08:20
Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
11/21/18
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Technical Analysis
Dow Jones Industrial Average: Pivot points »

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JEC

Jacobs Engineering

$65.06

-7.9 (-10.83%)

08:20
11/21/18
11/21
08:20
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08:20
Recommendations
Jacobs Engineering analyst commentary  »

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IYT

iShares Transportation Average

$184.16

-5.75 (-3.03%)

08:20
11/21/18
11/21
08:20
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08:20
Technical Analysis
iShares Transportation Average: Pivot points »

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08:20
11/21/18
11/21
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08:20
General news
U.S. Durable Goods Preview »

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08:20
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General news
U.S. initial jobless claims preview: »

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XLK

Technology Select Sector SPDR

$64.22

-1.42 (-2.16%)

08:19
11/21/18
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Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$64.98

-2.17 (-3.23%)

08:19
11/21/18
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08:19
Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

$101.42

-2.35 (-2.26%)

08:19
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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$53.45

-1 (-1.84%)

08:19
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11/21
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Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$54.85

-0.28 (-0.51%)

08:18
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Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$55.02

-0.93 (-1.66%)

08:18
11/21/18
11/21
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08:18
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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XLV

Health Care Select Sector SPDR

$89.97

-0.9 (-0.99%)

08:18
11/21/18
11/21
08:18
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08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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LMB

Limbach Holding

$4.85

-1.04 (-17.66%)

08:18
11/21/18
11/21
08:18
11/21/18
08:18
Downgrade
Limbach Holding rating change  »

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SGMS

Scientific Games

$15.96

-1.22 (-7.10%)

08:18
11/21/18
11/21
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08:18
Hot Stocks
Scientific Games launches eInstant and digital games with Norwegian lottery »

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IWM

iShares Trust Russell 2000 Index Fund

$146.05

-2.88 (-1.93%)

08:18
11/21/18
11/21
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08:18
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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