StoneCo: I Keep My 'Buy' Despite The Heavy Dip
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StoneCo Ltd. is recommended as a 'Buy' despite recent stock underperformance, due to strong Q3 FY2024 earnings and promising long-term growth prospects. The decline is attributed to macroeconomic concerns, not company performance.
November 20, 2024 | 4:00 pm
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StoneCo Ltd. is recommended as a 'Buy' due to strong Q3 FY2024 earnings, including a 7% YoY revenue increase, 35% YoY adjusted EBIT growth, and 43% YoY rise in adjusted EPS. The stock's decline is attributed to macroeconomic concerns, not company performance.
The article highlights StoneCo's strong financial performance in Q3 FY2024, with significant YoY growth in revenue, EBIT, and EPS. The stock's recent decline is attributed to external macroeconomic factors rather than company-specific issues, suggesting that the current valuation presents a buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100