BTIG initiated coverage of StoneCo (STNE) with a Buy rating and $22 price target The firm says Stone has established itself as a leader for smaller business payments solutions in Brazil. The company is well positioned to expand its merchant relationships to also include banking and credit solutions, the analyst tells investors in a research note. BTIG believes current trading levels provide an attractive multiple as the company grows core business gross profit 12%+ in fiscal 2026 while divesting non-core assets and pursuing aggressive share buybacks.
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