Stoneco Ltd.: UBS cuts target price to $13 from $15

StoneCo Ltd. (STNE.O) has seen recent adjustments in analyst expectations, with UBS lowering its target price for the stock to $13 from $15. This move reflects a reassessment of the company’s near-term outlook amid mixed financial performance. As of the previous market close, STNE shares were priced at $9.56, having dropped 1.65% from the prior day’s close, though they have gained $0.12 in pre-market trading.

StoneCo, a Brazilian fintech firm, provides cloud-based financial technology solutions for merchants and partners operating in in-store, online, and mobile commerce. The company reported total revenue of $605.43 million for the past fiscal year, representing a 35.53% decline compared to the prior year. However, net income surged by 247.73% to $415.21 million over the same period.

Despite these figures, the stock is currently trading near the bottom of its 52-week range and below its 200-day simple moving average, indicating a bearish technical outlook. With a market capitalization of $2.33 billion, StoneCo is classified as a mid-cap stock. Analysts have not provided a consensus rating at this time, and the firm’s next earnings date remains undisclosed.