Fly News Breaks for March 2, 2015
ELLI
Mar 2, 2015 | 07:21 EDT
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.
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