Fintel reports that on July 8, 2024, UBS upgraded their outlook for StoneCo (NasdaqGS:STNE) from Neutral to Buy.
Analyst Price Forecast Suggests 42.46% Upside
As of July 4, 2024, the average one-year price target for StoneCo is $18.56/share. The forecasts range from a low of $9.09 to a high of $24.15. The average price target represents an increase of 42.46% from its latest reported closing price of $13.03 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for StoneCo is 12,859MM, an increase of 9.36%. The projected annual non-GAAP EPS is 4.30.
What is the Fund Sentiment?
There are 513 funds or institutions reporting positions in StoneCo. This is an increase of 2 owner(s) or 0.39% in the last quarter. Average portfolio weight of all funds dedicated to STNE is 0.49%, an increase of 25.35%. Total shares owned by institutions decreased in the last three months by 7.96% to 211,393K shares. 
The put/call ratio of STNE is 0.48, indicating a bullish outlook.
What are Other Shareholders Doing?
Madrone Advisors holds 25,339K shares representing 8.20% ownership of the company. No change in the last quarter.
Point72 Asset Management holds 7,608K shares representing 2.46% ownership of the company. In its prior filing, the firm reported owning 9,933K shares , representing a decrease of 30.57%. The firm decreased its portfolio allocation in STNE by 29.28% over the last quarter.
IWM - iShares Russell 2000 ETF holds 7,124K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 7,827K shares , representing a decrease of 9.86%. The firm decreased its portfolio allocation in STNE by 13.64% over the last quarter.
Slate Path Capital holds 6,744K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 5,281K shares , representing an increase of 21.69%. The firm increased its portfolio allocation in STNE by 5.05% over the last quarter.
Nuveen Asset Management holds 5,019K shares representing 1.62% ownership of the company. In its prior filing, the firm reported owning 2,046K shares , representing an increase of 59.24%. The firm increased its portfolio allocation in STNE by 108.55% over the last quarter.
StoneCo Background Information
(This description is provided by the company.)
Stone is a leading provider of financial technology solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels. Stone has developed a deep client-centric culture that seeks to delight our clients rather than to simply provide them with a solution or service. Stone serves clients of all sizes and types that transact online, offline or have an omni-channel sales approach. Stone also serves many integrated partners, which use or embed Stone’s solutions into their own offerings to enable their customers to conduct commerce more conveniently.
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