Goldman Sachs Starts WisdomTree Investments (WETF) at Buy

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Goldman Sachs initiates coverage on WisdomTree Investments (NASDAQ: WETF) with a Buy and $9 price target, suggesting 40 percent upside.

The firm calls WETF a "rarity in financials," citing growth with ample runway for 30%+ revenue and EBIT growth amid 20% annual industry growth in ETF assets.

Goldman said investors under appreciate and undervalue the company's sector-leading organic growth profile, scalability of the model, and scarcity value in owning the only public pure-play ETF manager.

For an analyst ratings summary and ratings history on WisdomTree Investments click here. For more ratings news on WisdomTree Investments click here.

Shares of WisdomTree Investments closed at $6.44 yesterday, with a 52 week range of $5.37-$9.60.

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