Ellie Mae (ELLI) Tops Q4 EPS by 8c

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Needham & Company Reiterates Buy Rating on Ellie Mae (ELLI) Post Q4

February 10, 2017 6:43 AM EST

Needham & Company analyst Mayank Tandon reiterates Buy rating and $135 price target on Ellie Mae Inc. (NYSE: ELLI), noting secular drivers plus market leadership powered strong 2016 fourth quarter growth and margins.

Tandon comments, "ELLI reported another strong quarter, beating 4Q estimates comfortably... More