Enfusion gains on Q3 profit beat, PT raise

Enfusion

11/11/2022 19:14

** Shares of cloud services provider Enfusion Inc  ENFN.N 
rise 6.4% to $13.8
    ** Co reports Q3 adj earnings of 3 cents/shr vs analysts'
estimates of 2 cents/shr, as per Refinitiv IBES data
    ** Credit Suisse raises PT for stock to $14 from $13; notes
co's continued growth trajectory despite management transition
    ** Co, however, cuts FY22 revenue forecast to a range of 
$149.3 mln to $152.3 mln vs prior est. of $149.3 mln - $152.3
mln
    ** Two of six brokerages rate the stock "strong buy" and
four "hold"; their median PT is $14 -Refinitiv data 
    ** Stock down 32.7% YTD
 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))