JP Morgan Maintains Neutral on StoneCo, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Domingos Falavina maintains a Neutral rating on StoneCo (NASDAQ:STNE) and raises the price target from $12 to $13.
August 22, 2023 | 2:45 pm
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POSITIVE IMPACT
JP Morgan maintains a Neutral rating on StoneCo and raises the price target from $12 to $13, indicating a potential upside.
The raised price target by JP Morgan indicates a positive outlook for StoneCo. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100