ARCE - Arco Platform stock gains 12.8% as JP Morgan upgrades to Overweight
- Arco Platform ( NASDAQ: ARCE ) gained as much as 12.8% on Tuesday after JP Morgan upgraded the educational software provider's rating to Overweight.
- The brokerage said recent weakness in ARCE's stock price presents a good buying opportunity. The stock has fallen 33.5% YTD.
- JP Morgan lowered its price target on ARCE to $20 from $21, implying potential upside of 50.9% to its last close.
- The firm's rating on ARCE is in-line with bullish sell-side ratings (3 Strong Buy, 3 Buy, 3 Hold).
- On the other hand, ARCE is at high risk of performing badly due to decelerating momentum and inferior profitability vs. other consumer discretionary stocks, according to SA Quant rating system .
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Arco Platform stock gains 12.8% as JP Morgan upgrades to Overweight