Needham & Company Reiterates a 'Buy' on Financial Engines (FNGN); Large and Underserved Market Opportunity

Needham & Company reiterates a 'Buy' on Financial Engines (NASDAQ: FNGN) price target of $30.00.

Analyst, Mayank Tandon, said, "We hosted FNGN's management for a day of meetings in Boston. We came away comfortable that FNGN continues to execute well on the large market opportunity and is well positioned to deliver on its LT financial targets. Despite the impact from the recent market volatility, we believe improving enrollment rates and the initial impact from the rollout of Income+ on retention rates should offset and we are therefore leaving our estimates unchanged."

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

Shares of Financial Engines closed at $20.48 yesterday.

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