Citigroup Maintains Buy on StoneCo, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Gabriel Gusan maintains a Buy rating on StoneCo (NASDAQ:STNE) and raises the price target from $19 to $20.
March 20, 2024 | 5:23 pm
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Citigroup analyst Gabriel Gusan reaffirmed a Buy rating on StoneCo and increased the price target from $19 to $20.
The upgrade in the price target by Citigroup, a major financial institution, reflects a positive outlook on StoneCo's future performance. This endorsement is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100