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
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 €.
