Ellie Mae can increase its market share further, says JMP Securities JMP Securities believes that Ellie Mae reported strong Q4 results and the firm thinks the company can increase its market share to 44% by the end of 2013 versus 39% in 2012. It raised its estimates and maintains a $34 price target and Outperform rating on the shares.
Ellie Mae outlook has improved, says Oppenheimer After attending Elli Mae's annual user conference and investor day, Oppenheimer is more confident that the company can maintain an above SaaS-industry average growth trajectory and top-tier SaaS industry profitability margins in 2015 and 2016.. The firm says that origination volumes suggest that the environment has become more favorable for the company's new products and platform sales. It raised its price target on the name to $60 from $55 and keeps an Outperform rating on the shares.