Susquehanna Maintains Positive on StoneCo, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst James Friedman maintains a Positive rating on StoneCo (NASDAQ:STNE) but lowers the price target from $23 to $22.

April 19, 2024 | 1:07 pm
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NEUTRAL IMPACT
Susquehanna maintains a Positive rating on StoneCo but lowers the price target from $23 to $22.
While the maintenance of a Positive rating by Susquehanna indicates continued confidence in StoneCo's fundamentals, the reduction in the price target could suggest a slight adjustment in valuation expectations. This mixed signal might lead to a neutral short-term impact on the stock price, as the market digests both the reaffirmation of the company's positive outlook and the tempered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100