What 6 Analyst Ratings Have To Say About StoneCo
Portfolio Pulse from Benzinga Insights
StoneCo (NASDAQ:STNE) received 6 analyst ratings in the last quarter, with 3 bullish, 1 somewhat bullish, and 2 indifferent. No somewhat bearish or bearish ratings were reported. The average 12-month price target for StoneCo is $16.33, with a high of $21.00 and a low of $12.00. This target has increased by 9.23% over the past month. Analyst ratings are based on information from company activities, financial statements, and insider conversations, and are used to guide investors on stock performance.
December 11, 2023 | 6:00 pm
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StoneCo has received a majority of positive ratings from analysts, with an average price target of $16.33, reflecting a 9.23% increase over the past month.
The predominance of bullish and somewhat bullish ratings, combined with the recent increase in the average price target, suggests a positive short-term outlook for StoneCo's stock price. Analyst ratings can influence market sentiment and investor decisions, potentially leading to a rise in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100