JPMorgan's Upgrade: StoneCo Stock Has Potential to Surge 50%
Thursday, 6 June 2024, 14:47
JPMorgan's Upgrade on StoneCo Stock
JPMorgan analyst Yuri Fernandes recently upgraded StoneCo stock, based in the Cayman Islands, to overweight from neutral.
Key Points:
- Upgrade: StoneCo stock upgraded to overweight from neutral by JPMorgan.
- Earnings Potential: Analyst cites an appealing annual earnings potential of 20%.
- Surge Potential: Stock has the potential to surge by 50% based on the upgrade.
This upgrade highlights the positive outlook for StoneCo stock and its potential for significant growth in the foreseeable future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.