Cantor Fitzgerald Maintains Overweight on StoneCo, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on StoneCo (NASDAQ:STNE) and increased the price target from $18 to $21.
November 16, 2023 | 2:38 pm
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Cantor Fitzgerald analyst Josh Siegler maintains an Overweight rating on StoneCo and raises the price target from $18 to $21.
The increase in price target by a reputable analyst typically signals a positive outlook on the company's future performance, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100