Goldman Sachs Starts Yodlee (YDLE) at Buy

Goldman Sachs initiated coverage on Yodlee (NASDAQ: YDLE) with a Buy rating and a price target of $19.00.

Analyst Greg Dunham said, "Growth is being supported by customer adoption of Yodlee’s SaaS platform to help consumers and SMBs manage their finances, authenticate to third-party financial services, detect fraudulent activity, and even apply for a loan. Yodlee’s platform, used by 750 plus organizations, captures user-permissioned transaction-level data via direct connectivity to data sources across banking, credit, and other organizations. We believe the platform is significantly differentiated and is becoming more relevant as consumers’ personal lives move online."

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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