StoneCo Stock Has 44% Upside, According to 1 Wall Street Analyst
STNEStoneCo(STNE) The Motley Fool·2024-04-23 03:42

StoneCo reported a record profit in 2023. Its stock should go up in 2024.StoneCo (STNE 0.03%) stock is in something of a funk. Trading down roughly 84% from its pandemic-era highs, the Brazilian fintech stock doesn't get a lot of respect on Wall Street. Despite reporting its most profitable year ever in 2023, with $328 million in net income, StoneCo share prices are up only about 30% over the past year -- not a whole lot better than the S&P 500's 21% gain.Better things could be coming for StoneCo investors, ...