StoneCo: Maintaining Bullish Stance Despite Pullback [Seeking Alpha]
StoneCo Ltd. - Class A Common Share (STNE)
Company Research
Source: Seeking Alpha
Rmcarvalho/iStock via Getty ImagesWhile the leading Brazilian fintech has been under pressure this year, StoneCo (NASDAQ:STNEthe sideline, though with interest rates starting to flatten and GDP estimates being revised higher, it appears the underlying macro environment may be starting to bottom.STNE recently reported a good Q2 report with the company demonstrating revenue growth recovery and margin expansion. However, ongoing macro uncertainties continue to push the stock lower, though fundamentally, the company continues to perform well.Data byYChartsThe stock remains down over 50% so far this year including a 20%+ pullback since the company reported earnings last month. Relative to their all-time high above $90, the stock remains down around 90%. And while I do not think the stock will reach that $90 level any time soon, I do believe that current levels present an attractive long-term buying opportunity.Valuation currently stands at 17.5x 2023 EPS, though I believe the consensus est
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STNE
News
- StoneCo (STNE) to Post Q1 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing StoneCo (STNE) Right Now? Tue, May 7, 2024, 3:40 PM GMT+2 3 min read 0 In this article: Advertisement Up next CrowdStrike (CRWD) Is a Trending Stock: Facts to Know Before Betting on It Tue, May 7, 2024, 3:00 PM GMT+2 5 min read Acquire Media Monitor
- Why the Market Dipped But StoneCo Ltd. (STNE) Gained Today [Yahoo! Finance]Yahoo! Finance
- Positive earnings growth hasn't been enough to get StoneCo (NASDAQ:STNE) shareholders a favorable return over the last three years [Yahoo! Finance]Yahoo! Finance
- StoneCo Ltd. (NASDAQ: STNE) had its price target lowered by analysts at Barclays PLC from $18.00 to $17.00. They now have an "equal weight" rating on the stock.MarketBeat
STNE
Earnings
- 3/18/24 - Beat
STNE
Sec Filings
- 4/24/24 - Form 20-F
- 4/23/24 - Form 6-K
- 3/21/24 - Form 6-K
- STNE's page on the SEC website