UPDATE: Credit Suisse Starts Yodlee (YDLE) at Outperform

(Updated - October 28, 2014 11:15 AM EDT)

Credit Suisse initiated coverage on Yodlee (NASDAQ: YDLE) with an Outperform rating and a price target of $17.

Analyst Michael Nemeroff said, "YDLE is a financial technology software and services vendor that provides data aggregation products along with a cloud-based digital data platform that enables its customers to build and distribute financial management applications (FinApps) and services that enhance the consumer's digital experience with finance-related companies. YDLE's deep domain expertise, unique data platform, and strong relationships with leading financial institutions, combined with increasing demand for digital financial management products, could drive strong, sustainable billable user growth (CS models a +27% CAGR through 2016), which could generatesteady long-term subscription revenue growth (+26% CAGR) and profits."

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

Shares of Yodlee closed at $14.59 yesterday.

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