In a report released yesterday, Mario Pierry from Merrill Lynch maintained a Buy rating on Stoneco Ltd (STNE), with a price target of $42. The company’s shares closed last Monday at $33.58.
Pierry has an average return of 21.8% when recommending Stoneco Ltd.
According to TipRanks.com, Pierry is ranked #2157 out of 5232 analysts.
Stoneco Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $34.33, implying a 1.7% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Buy rating on the stock with a $39 price target.
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The company has a one-year high of $45.62 and a one-year low of $16.14. Currently, Stoneco Ltd has an average volume of 2.38M.
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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.
