StoneCo (STNE) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for StoneCo in the last year. There are currently 6 hold ratings and 5 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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11 Wall Street analysts have issued 12 month price targets for StoneCo's stock. Their STNE share price forecasts range from $11.00 to $22.00. On average, they predict the company's share price to reach $16.25 in the next year. This suggests a possible upside of 56.7% from the stock's current price.
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StoneCo's stock was trading at $9.44 at the beginning of the year. Since then, STNE stock has increased by 9.9% and is now trading at $10.37.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our STNE earnings forecast.

StoneCo Ltd. (NASDAQ:STNE) announced its quarterly earnings results on Wednesday, August, 16th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.08. The firm earned $2.95 billion during the quarter, compared to analysts' expectations of $2.90 billion. StoneCo had a net margin of 7.51% and a trailing twelve-month return on equity of 6.66%. The firm's quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS.

ETFs with the largest weight of StoneCo (NASDAQ:STNE) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), SoFi Be Your Own Boss ETF (BYOB), SoFi Be Your Own Boss ETF (GIGE), Amplify Emerging Markets FinTech ETF (EMFQ), First Trust Brazil AlphaDEX Fund (FBZ), Clough Long/Short Equity ETF (CBLS), Clough Select Equity ETF (CBSE) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ).

StoneCo updated its third quarter 2023 earnings guidance on Wednesday, August, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $591.94M-, compared to the consensus revenue estimate of $609.52 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 (IPO) 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (6.16%), Point72 Asset Management L.P. (3.48%), Sumitomo Mitsui Trust Holdings Inc. (2.74%), State Street Corp (1.57%), Polunin Capital Partners Ltd (1.11%) and Coronation Fund Managers Ltd. (1.03%).

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 $10.37.

StoneCo (NASDAQ:STNE) has a market capitalization of $3.24 billion and generates $1.86 billion in revenue each year. The company earns $-100,610,000.00 in net income (profit) each year or $0.49 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.