Stifel Maintains Hold Rating for MeridianLink: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Hold rating for MeridianLink (NYSE:MLNK) but lowered its price target from $20.00 to $18.00. Despite this, MeridianLink's shares have risen 1.11% in the last 24 hours to $19.10. The new price target suggests a potential decrease of 5.76% from the current price. MeridianLink provides cloud-based software solutions primarily for financial institutions.
March 06, 2024 | 5:00 pm
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Stifel maintains Hold rating on MeridianLink, lowers price target from $20 to $18. Shares currently up, trading at $19.10.
The reduction in price target by Stifel suggests a bearish outlook on MeridianLink's stock value in the short term, despite the recent increase in share price. This adjustment reflects an anticipation of a potential decrease in the stock's value, influencing investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100