Stone reports R$ 526 million in adjusted net income in 2022 and reinforces its execution strength

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Go back to Stone reports R$ 526 million in adjusted net income in 2022 and reinforces its execution strength

Evercore ISI Removes Tactical Outperform on StoneCo Ltd. (STNE)

March 15, 2023 4:48 PM EDT

Evercore ISI analyst Sheriq Sumar reiterated an Outperform rating and $16.00 price target on StoneCo Ltd. (NASDAQ: STNE).

The analyst comments "We are closing our Tactical Outperform on STNE. Our call was predicated on STNE providing upbeat commentary on 2023 margins and a 4Q22... More