Goldman Sachs Maintains Neutral on StoneCo, Raises Price Target to $13.7
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Tito Labarta maintains a Neutral rating on StoneCo (NASDAQ:STNE) and raises the price target from $12 to $13.7.

August 18, 2023 | 12:41 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Neutral rating on StoneCo and raises the price target from $12 to $13.7.
The news is directly about StoneCo. Goldman Sachs, a major financial institution, has maintained a Neutral rating on the company, indicating no major changes in the company's performance. However, the increase in price target from $12 to $13.7 suggests a positive outlook, which could potentially influence investor sentiment and the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100