Banco Bradesco BBI S.A Upgrades StoneCo to Outperform, Announces $23 Price Target
Portfolio Pulse from richadhand@benzinga.com
Banco Bradesco BBI S.A analyst Otavio Tanganelli has upgraded StoneCo (NASDAQ:STNE) from Neutral to Outperform, setting a price target of $23.

April 02, 2024 | 9:32 am
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StoneCo upgraded to Outperform by Banco Bradesco BBI S.A with a new price target of $23.
Upgrades by analysts, especially from Neutral to Outperform, typically signal a positive outlook on the stock, suggesting potential upside. The new price target of $23 indicates a significant level of confidence in the company's future performance, likely leading to increased investor interest and potentially a short-term price increase.
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