Looks very much like the sheep continue to follow the shepherd, multiple investment firms have disclosed considerable purchases of stock in
STNE
. The company has great appeal in that it is within a high growth Fintech sector, while also based in a emerging market growth economy. When you add the Might of Warren Buffett to the company, it would explain why the company continues to attract new investors.
Technically the stock is on resistance and becoming overbought, a small pullback may be needed to break the $36.50 level.
AVERAGE ANALYSTS PRICE TARGET $29
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO N/A
SHORT INTEREST 15%
COMPANY PROFILE
StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale. The company was founded on March 11, 2014 and is headquartered in São Paulo, Brazil.
STNE
. The company has great appeal in that it is within a high growth Fintech sector, while also based in a emerging market growth economy. When you add the Might of Warren Buffett to the company, it would explain why the company continues to attract new investors. Technically the stock is on resistance and becoming overbought, a small pullback may be needed to break the $36.50 level.
AVERAGE ANALYSTS PRICE TARGET $29
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO N/A
SHORT INTEREST 15%
COMPANY PROFILE
StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. It offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale. The company was founded on March 11, 2014 and is headquartered in São Paulo, Brazil.