5 Things You Need to Know if You Buy StoneCo Today
(NASDAQ: STNE) is a fast-growing company that provides payment solutions for small businesses across Brazil. Investors in the fintech have experienced a wild ride over the past few years, with the stock reaching as high as $95 per share before plummeting 90% over the following year.
This year, the fintech is up almost 50% and the company has made moves to make the business more resilient after a couple of tough years. If you're thinking about investing in StoneCo today, you'll want to consider the following things first.
StoneCo has headquarters in the Cayman Islands, but its primary business is providing financial services to small and medium-sized companies in Brazil. The fintech provides payment solutions, such as point-of-sale terminals, e-commerce gateways that allow merchants to accept online payments, and mobile payments. It also provides tools including inventory and customer relationship management.
Source Fool.com
StoneCo Ltd Stock
StoneCo Ltd is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
With a target price of 16 € there is a slightly positive potential of 9.44% for StoneCo Ltd compared to the current price of 14.62 €.
