StoneCo Stock Has 44% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
StoneCo Ltd. - Class A Common Share (STNE)
Company Research
Source: Yahoo! Finance
Despite reporting its most profitable year ever in 2023, with $328 million in net income, StoneCo share prices are up only about 30% over the past year -- not a whole lot better than the S&P 500 's 21% gain. Better things could be coming for StoneCo investors, however. On Friday, Susquehanna Financial changed its price target on the stock from $23 to $22 a share, while maintaining its "positive" rating. Yes, the analyst lowered its price target, but if it's right about that, StoneCo shares could gain more than 44% over the next year or so. Is StoneCo stock a buy? Susquehanna noted that it was adjusting its price target primarily in response to StoneCo's press release earlier in the week that advised investors of a change in how the company accounts for membership fees paid to it by merchant customers. Specifically, instead of booking these fees as revenue immediately upon payment, StoneCo will begin stretching out these fees across the "expected lifetime" of merchant contracts.
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News
- 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
- StoneCo Ltd. (STNE) Dips More Than Broader Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- 3 Undervalued Growth Stocks You Can Buy for Less Than $25 Each [Yahoo! Finance]Yahoo! Finance
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