ELLI Elli Mae target raised to $37 from $35 at FBR Capital.
23-Sep-13 05:48 ET
ELLI Elli Mae target raised to $37 from $35 at FBR Capital. Firm notes co already the leader in mortgage origination automation software, but they believe what makes Ellie Mae a compelling investment is its very large opportunity to grow revenue by increasing: (1) its SaaS user base, (2) mortgages originated on its platform, and (3) usage of the Ellie Mae Network. A healthier-than-expected U.S. residential mortgage market would be an additional benefit and a potential source for upside.