Here’s why the Envestnet stock price is soaring
Envestnet (NYSE: ENV) stock price continued its strong comeback this week amid rising optimism that it will become an acquisition target. The stock surged to a high of $73 on Thursday, its highest level since May 2022. It has more than doubled from its lowest level in November last year. Potential acquisition targetEnvestnet, a large software company valued at over $3.7 billion, is in the spotlight after it became an acquisition target. According to Bloomberg, the company has attracted bids from Advent and GTCR. It could also gain interest from other private equity companies in a deal that wou...