Goldman Sachs Maintains Buy on StoneCo, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Tito Labarta maintains a Buy rating on StoneCo (NASDAQ:STNE) but lowers the price target from $21 to $15.
June 26, 2024 | 11:32 am
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NEUTRAL IMPACT
Goldman Sachs analyst Tito Labarta maintains a Buy rating on StoneCo but lowers the price target from $21 to $15.
The Buy rating suggests continued confidence in StoneCo's long-term prospects, but the lowered price target indicates some concerns about short-term performance or market conditions. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100