Banco Bradesco BBI S.A Upgrades StoneCo to Neutral, Announces $23 Price Target
Portfolio Pulse from Benzinga Newsdesk
Banco Bradesco BBI S.A analyst Otavio Tanganelli has upgraded StoneCo (NASDAQ:STNE) from Underperform to Neutral and set a price target of $23.

January 24, 2024 | 12:40 pm
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StoneCo's stock rating has been upgraded by Banco Bradesco BBI S.A from Underperform to Neutral with a new price target of $23.
Upgrades by analysts can lead to increased investor confidence and can result in a positive short term price movement. The new price target of $23 suggests a potential upside from the current trading price, assuming the market aligns with the analyst's valuation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100