StoneCo (STNE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
StoneCo (STNE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Some sectors have positive tailwinds, and the industry size has swelled sustainably for a decade or more. However, during this period, the best stocks from the sector are not always surging higher. There can be intermediate phases of price or time correction. Currently, this holds true for the fintech sector. While the overall industry growth estimate remains positive, fintech stocks have been in a time or price correction mode. This is an excellent time to accumulate some cheap fintech stocks f