StoneCo price target raised to $25 from $15 at BofA

BofA analyst Mario Pierry raised the firm’s price target on StoneCo (STNE) to $25 from $15 and keeps a Buy rating on the shares. The share price is up about 120% year-to-date, but the firm continues to find the stock attractively valued as it sees Stone continuing to generate excess capital and returning it to shareholders in the form of buybacks, says the analyst, who is raising the firm’s EPS estimates by 7% and 8% in FY25 and FY26, respectively.