BUZZ-MeridianLink rises after UBS upgrades to 'neutral'

Reuters
12 Nov 2024

** Shares of fintech MeridianLink rise as much as 4.2%; last up 3.8% at $25

** UBS upgrades its rating on MLNK to "neutral" from "sell," citing more consistent execution from the management and a favorable lending environment on the horizon from additional rate cuts in 2025

** Brokerage also raises PT to $25 from $18, a 3.6% upside to stock's last close

** Consistent margin outlook beats over the last five quarters coupled with a more sustained acceleration of the consumer lending business increases our confidence on MLNK - UBS

** Three of eight brokerages rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is $24.75 - LSEG data

** As of last close, MLNK shares down 2.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10