Raymond James analyst Alexander Sklar lowered the firm’s price target on MeridianLink (MLNK) to $24 from $28 and keeps an Outperform rating on the shares. MeridianLink’s Q4 results showcased solid execution against a still challenging mortgage and rate environment, including the highest new logo bookings quarters in two years, the analyst tells investors in a research note. The firm believes the risk/reward continues looks attractive and could see upside to estimates if cyclical dynamics or coming go-to-market investments pay dividends.
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Read More on MLNK:
- MeridianLink price target lowered to $20 from $24 at Citi
- MeridianLink’s Challenging Outlook: Sell Rating Amid Revenue Shortfalls and Market Pressures
- MeridianLink price target lowered to $19 from $20 at Barclays
- MeridianLink, Inc. Reports Steady Growth in 2024
- MeridianLink reports Q4 adjusted EPS 8c, consensus 8c
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