MeridianLink price target lowered to $18 from $20 at Stifel

Stifel lowered the firm’s price target on MeridianLink to $18 from $20 and keeps a Hold rating on the shares after the company reported “mixed” results. While the firm is “optimistic for future success” within the company’s strategy to position its platform to capture increasing share of its customers’ tech budget with its MeridianLink One connected experience, it continues to believe re-acceleration will have to wait until macro conditions improve, the analyst tells investors.