StoneCo (STNE) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for StoneCo in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STNE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STNE, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued twelve-month price objectives for StoneCo's shares. Their STNE share price forecasts range from $11.00 to $20.00. On average, they expect the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 27.8% from the stock's current price.
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StoneCo's stock was trading at $9.44 at the start of the year. Since then, STNE stock has increased by 32.6% and is now trading at $12.52.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our STNE earnings forecast.

StoneCo Ltd. (NASDAQ:STNE) announced its quarterly earnings results on Wednesday, May, 17th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm earned $522 million during the quarter, compared to the consensus estimate of $524.72 million. StoneCo had a positive trailing twelve-month return on equity of 4.62% and a negative net margin of 0.19%.

ETFs with the largest weight of StoneCo (NASDAQ:STNE) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), Amplify Emerging Markets FinTech ETF (EMFQ), Fidelity Crypto Industry and Digital Payments ETF (FDIG), ETFMG Prime Mobile Payments ETF (IPAY), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ), Global X FinTech Thematic ETF (FINX), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and KraneShares Emerging Markets Consumer Technology ETF (KEMQ).

StoneCo issued an update on its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $553.35M-, compared to the consensus revenue estimate of $583.74 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other StoneCo investors own include NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Block (SQ), PayPal (PYPL), Salesforce (CRM), Netflix (NFLX), Tesla (TSLA) and Micron Technology (MU).

(STNE) raised $1 billion in an initial public offering on Thursday, October 25th 2018. The company issued 47,700,000 shares at a price of $21.00-$23.00 per share. Goldman Sachs, J.P. Morgan and Citigroup acted as the underwriters for the IPO and Itaú BBA, Credit Suisse, Morgan Stanley, BofA Merrill Lynch and BTG Pactual were co-managers.

StoneCo trades on the NASDAQ under the ticker symbol "STNE."

StoneCo's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.01%), FMR LLC (3.74%), Sumitomo Mitsui Trust Holdings Inc. (3.00%), Nikko Asset Management Americas Inc. (3.00%), State Street Corp (1.49%) and SPX Gestao de Recursos Ltda (1.38%).

Shares of STNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STNE stock can currently be purchased for approximately $12.52.

StoneCo (NASDAQ:STNE) has a market capitalization of $3.91 billion and generates $1.86 billion in revenue each year. The company earns $-100,610,000.00 in net income (profit) each year or ($0.01) on an earnings per share basis.

The company employs 15,485 workers across the globe.

StoneCo's mailing address is R. Fidencio Ramos 308 Vila Olimpia 10th floor, Sao Paulo D5, 04551. The official website for the company is www.stone.co. The company can be reached via phone at (113) 004-9680 or via email at investors@stone.com.