Is StoneCo a Buy?
Shares of the Brazilian fintech (NASDAQ: STNE) have gone on a tear, gaining 75% since the start of 2023. Despite its big run-up, StoneCo is down more than 80% from its all-time high price in early 2021. The company's growth has been notable -- it recently reported its sixth consecutive quarter of profit.
StoneCo has done a good job of working through the credit issues that held it back in recent years. But there are a few things investors should know before scooping up shares of the fintech today.
StoneCo provides financial services to small- and medium-sized companies in Brazil. It offers payment solutions, point-of-sales terminals, e-commerce gateways, and mobile payments and has often been compared to Block's Square product.
Source Fool.com
StoneCo Ltd Stock
With 14 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 17 € shows a positive potential of 37.65% compared to the current price of 12.35 € for StoneCo Ltd.
