Barclays Remains a Sell on MeridianLink (MLNK)

Barclays analyst Saket Kalia maintained a Sell rating on MeridianLink (MLNK – Research Report) on May 8 and set a price target of $18.00. The company’s shares closed yesterday at $16.78.

According to TipRanks, Kalia is a 5-star analyst with an average return of 14.0% and a 58.78% success rate. Kalia covers the Technology sector, focusing on stocks such as Autodesk, Adobe, and Palo Alto Networks.

MeridianLink has an analyst consensus of Hold, with a price target consensus of $20.20.

Based on MeridianLink’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $74.58 million and a GAAP net loss of $29.57 million. In comparison, last year the company earned a revenue of $70.55 million and had a GAAP net loss of $5.46 million

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MeridianLink (MLNK) Company Description:

MeridianLink Inc is a cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies.