RBC Capital has reiterated its Buy rating on Wealthfront Corporation (WLTH) with a price target of $11.00, as reported by Daniel Perlin. The company's shares closed at $10.89 on the day of the report. Perlin, an analyst with a 42.63% success rate and an average return of -5.9%, covers the Technology sector, focusing on stocks like Broadridge Financial Solutions and Jack Henry & Associates.
Wealthfront also received a Buy rating from Needham’s Ross Cole on October 7, although Goldman Sachs maintained a Hold rating on October 6. The company’s latest earnings report for the quarter ending July 31 showed quarterly revenue of $91.87 million and a net profit of $17.75 million. This compares to last year’s revenue of $91.12 million and a net profit of $34.74 million.