MeridianLink Initiates Buy Rating with $20 Price Target

An analyst has initiated coverage on MeridianLink (MLNK) with a Buy recommendation and a $20 price target. The firm highlights MLNK's strong position in digital lending and financial software solutions, serving banks and institutions with its platform for account opening and data verification. The current share price is undervalued compared to historical levels and industry peers, presenting an opportunity for investors. MeridianLink generates maximum revenue from its Lending Software Solutions segment and maintains strong gross margins of 65.57%.