Improving Future Prospects Please Envestnet Shareholders
The connections that certain companies have with the industries they serve are obvious. Envestnet (NYSE: ENV) is a good example, with its financial information technology business benefiting greatly from the 8-year-old bull market and its positive impact on wealth management providers. Favorable conditions have made customers more likely to use Envestnet more extensively in their operations.
Coming into Tuesday's second-quarter financial report, Envestnet investors wanted to see continuing growth from the fintech specialist, and the company's results were strong. Envestnet also was optimistic enough about its future to raise its guidance, and that also made shareholders quite pleased. Let's take a closer look at Envestnet and what its latest results say about how things are going for the company.
Image source: Envestnet.
Source: Fool.com
Envestnet Inc. Stock
Envestnet Inc. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
As a result the target price of 64 € shows a slightly positive potential of 13.27% compared to the current price of 56.5 € for Envestnet Inc..
