Berkshire Hathaway-backed StoneCo poised to reach $30 as Brazilian fintech leader

StoneCo Ltd., a Brazilian fintech company, has a clear path to $30, according to finance expert blackdovfx. Berkshire Hathaway took a stake in the company's IPO, and blackdovfx has been a preferred international fintech stock for some time. The expert notes that a profitable trade was completed, but the stock has a clear path to $30.

StoneCo Ltd. (NASDAQ: STNE), a Brazilian fintech company, has been experiencing market volatility in recent weeks. The stock fell by 11.63 percent week-on-week, ending Friday's trading at $13.67 compared to the $15.47 finish on July 11. This decline is attributed to investors repositioning their portfolios ahead of the company's second quarter earnings announcement scheduled for August 7 after the market close, followed by a conference call at 5 PM Eastern Time [1].

In the first quarter of 2025, StoneCo reported a significant increase in net income, rising by 38.3 percent to R$516.7 million from R$373.6 million in the same period last year. Total revenues also saw a notable growth of 19 percent, reaching R$3.669 billion from R$3.084 billion year-on-year. Analysts expect the company to post earnings of $0.34 per share for the second quarter, representing a 13.33 percent year-on-year growth. Full-year EPS is projected at $1.44 with revenues of $2.73 billion, showing growth of 6.67 percent and 10.94 percent, respectively [1].

Financial expert blackdovfx has highlighted StoneCo's potential, noting that a profitable trade was completed. He believes the stock has a clear path to $30, supported by Berkshire Hathaway's stake in the company's IPO and its position as a preferred international fintech stock [2]. Despite the recent downturn, investors should closely monitor StoneCo's earnings report for potential upside opportunities.

References:
[1] https://finance.yahoo.com/news/stoneco-stne-slashes-11-63-155247916.html
[2] (Provided information from the writing topic)