2024-05-12 00:59:08 ET
Summary
- ENV achieved a +9% EPS beat in Q1 2024, and the company anticipates that its bottom line could rise by +36% YoY for Q2.
- Envestnet's valuations are attractive based on a comparison of its EV/EBITDA metric with its EBITDA growth outlook, so its shares could possibly trade higher in a potential takeover scenario.
- A Buy rating for ENV is maintained after considering its recent quarterly performance and the potential event-driven catalyst.
Elevator Pitch
I rate Envestnet, Inc. ( ENV ) stock as a Buy. Earlier, I reviewed the company's Q4 2023 results with my prior update published on February 25, 2024....
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For further details see:
Envestnet: Watch Above-Expectations Earnings And Potential Event-Driven Catalyst