Barclays Maintains Equal-Weight on StoneCo, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Equal-Weight rating on StoneCo (NASDAQ:STNE) and increased the price target from $14 to $17.
January 16, 2024 | 6:06 pm
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Barclays has maintained an Equal-Weight rating on StoneCo but raised the price target from $14 to $17, indicating a positive outlook on the stock.
The increase in price target by a major analyst like Barclays suggests a more optimistic valuation of StoneCo, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating indicates that the stock is perceived to be valued appropriately, but the raised target implies expectations of some growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100