Analysts have different takes on StoneCo Ltd., a financial technology solutions provider. Scotiabank analyst Jason Mollin initiated coverage with a Sector Perform rating and a $22 price target, implying a 30 percent upside. Mollin rolled out coverage on a trio of Brazilian payments and fintech players, which he noted together represent about 50 percent of the Brazilian acquiring market’s total payment volume or TPV. He sees Stone starting to recover from lending issues and benefiting from Linx integration next year. His “conservative” full-year 2021 earnings estimate is more than 50 percent below consensus to incorporate a loss from issues managing credit collateral and stopping loan originations in Q3, as well as cost pressure from investments and higher funding costs. Grupo Santander analyst Henrique Navarro downgraded to Underweight from Hold with a price target of $17, down from $45, citing his cautious view on the acquiring sector. He sees no visibility …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta