Merrill Lynch Believes Stoneco Ltd (STNE) Won’t Stop Here


Merrill Lynch analyst Mario Pierry maintained a Buy rating on Stoneco Ltd (STNE) today and set a price target of $42. The company’s shares closed yesterday at $34.60, close to its 52-week high of $36.88.

Pierry has an average return of 66.4% when recommending Stoneco Ltd.

According to TipRanks.com, Pierry is ranked #2065 out of 5262 analysts.

Stoneco Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $26.

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The company has a one-year high of $36.88 and a one-year low of $16.14. Currently, Stoneco Ltd has an average volume of 1.42M.

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StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.

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