Evercore ISI Group Maintains Outperform on StoneCo, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Sheriq Sumar has maintained an Outperform rating on StoneCo (NASDAQ:STNE) and raised the price target from $19 to $22.
August 17, 2023 | 4:06 pm
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POSITIVE IMPACT
Evercore ISI Group has maintained an Outperform rating on StoneCo and raised the price target from $19 to $22, which could lead to a positive market reaction.
The raised price target by Evercore ISI Group indicates a positive outlook for StoneCo. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100