From Financial Modeling Prep: 2024-11-11 07:50:00

UBS analysts upgraded MeridianLink (NYSE:MLNK) from Sell to Neutral, with a new price target of $25.50, citing improved performance consistency and positive lending environment shift expected in 2025 with rate cuts. Concerns about cost management and economic conditions have eased, thanks to strong margin management and steady growth in consumer lending, outside of mortgages.

MeridianLink exceeded adjusted EBITDA expectations by 6% in the third quarter, with a year-over-year margin expansion of 300 basis points to 42%. The company’s revenue projections remained steady, with strong margin management contributing to the confidence in its future performance. Around 78% of MeridianLink’s projected 2024 revenue comes from consumer lending, excluding mortgages.



Read more at Financial Modeling Prep:: MeridianLink’s Rating Boosted to Neutral at UBS