Inter & Co(INTR) Soars 4.47% on Bullish Momentum, UBS Target Hike

Inter & Co(INTR) shares surged 4.47% today, marking the second consecutive day of gains, with a total increase of 10.90% over the past two days. The stock price reached its highest level since November 2024, with an intraday gain of 5.63%.

Inter & Co Inc's stock has shown a bullish trend by crossing above its 200-day moving average, suggesting potential positive momentum in the share price. This technical indicator often signals a shift in market sentiment, which can attract more buyers and drive the stock price higher.

UBS recently raised its stock price target for Inter & Co from $2.80 to $4.40. This upward revision by a prominent financial institution can positively influence investor perception and stock performance. A higher price target often indicates that analysts expect the company to perform well in the future, which can encourage more investors to buy the stock.

Legal & General Group Plc increased its stake in Inter & Co by 5.6% in the fourth quarter. This move by a major institutional investor shows confidence in the company's prospects. Institutional investors typically conduct thorough research before making significant investments, so their actions can be seen as a vote of confidence in the company's future performance.