JPMorgan Chase & Co. Initiates Coverage on StoneCo (STNE)

JPMorgan Chase & Co. initiated coverage on shares of StoneCo (NASDAQ:STNE) in a research note published on Monday morning, MarketBeat reports. The firm issued a neutral rating and a $25.00 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. Citigroup initiated coverage on shares of StoneCo in a research report on Monday. They set a buy rating and a $30.00 price target on the stock. Goldman Sachs Group initiated coverage on shares of StoneCo in a research report on Monday. They set a neutral rating and a $25.60 price target on the stock.

STNE stock opened at $22.34 on Monday. StoneCo has a 12-month low of $20.05 and a 12-month high of $32.50.

About StoneCo

StoneCo Ltd. provides financial technology solutions that empower merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors.

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