Ellie Mae (ELLI) Tops Q1 EPS by 13c; Raises Outlook

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Go back to Ellie Mae (ELLI) Tops Q1 EPS by 13c; Raises Outlook

Ellie Mae (ELLI) PT Goes to $75 at Needham & Company After 'Crushing' Estimates

May 1, 2015 7:44 AM EDT

Needham & Company analyst Mayank Tandon reiterated a Buy rating and boosted its price target on Ellie Mae (NYSE: ELLI) to $75.00 (from $60.00) after the company "crushed" estimates in Q1 and lifted its outlook.

Tandon commented, "ELLI kicked off FY15 in spectacular fashion, crushing... More