UBS Maintains Buy on StoneCo, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Mariana Taddeo has maintained a Buy rating on StoneCo (NASDAQ:STNE) and increased the price target from $17 to $18.
November 16, 2023 | 6:10 pm
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UBS analyst Mariana Taddeo has reaffirmed a Buy rating on StoneCo and raised the price target to $18, indicating a positive outlook on the stock.
The increase in price target by UBS suggests a bullish stance on StoneCo's future performance. This kind of analyst rating and price target adjustment typically leads to a positive short-term impact on a stock's price as it reflects increased confidence in the company's prospects.
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IMPORTANCE 80
RELEVANCE 100