UBS upgraded MeridianLink (MLNK) to Neutral from Sell with a price target of $22.50, up from $18, post the “strong” Q3 report. The firm cites MeridianLinks more consistent execution, a more favorable lending environment on the horizon from additional rate cuts in 2025, and increasing financial institution customer confidence on the mid-term economic outlook for the upgrade. The company’s consistent margin guidance beats over the last five quarters, paired with a more sustained acceleration of the consumer lending business increases confidence in estimates in the near and medium-term, the analyst tells investors in a research note.
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Read More on MLNK:
- MeridianLink, Inc. Announces Q3 2024 Earnings Growth
- MeridianLink sees Q4 revenue $76M-$80M, consensus $79.3M
- MeridianLink sees FY24 revenue $313M-$317M, consensus $315.8M
- MeridianLink reports Q3 EPS 6c, consensus 8c
- MeridianLink Sees Revenue Growth Amidst Challenging Environment
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