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Ellie Mae, Inc. Message Board

  • citiccgirl citiccgirl Sep 23, 2013 6:23 AM Flag

    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.

    Sentiment: Strong Buy

30.72+2.00(+6.96%)Aug 1 4:05 PMEDT

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