Analysts Bullish On Yodlee Inc. Following Sell-side Quiet Period Expiration

On Tuesday, the sell-side quiet period expired on shares of Yodlee Inc. YDLE.

Following the expiration, multiple firms initiated coverage on the Yodlee shares:

Bank of America: Buy rating; $18 PT.

Goldman Sachs: Buy rating; $19 PT.  “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.”

Pacific Crest: Outperform; $19 PT. “We expect user penetration in financial institutions to increase about 4% next year, which could prove conservative considering that a top 10 customer added 1.7 million customers over a three-year period.”

Credit Suisse: Outperform; $17 PT. Analysts find the company’s total addressable market is very large and under penetrated.

UBS: Neutral rating.

Following the coverage, shares of Yodlee are unchanged early in Tuesday’s session.

Yodlee Inc. Is scheduled to report earnings November 11.