StoneCo Ltd. (NASDAQ:STNE) is one of the 10 best payment processing stocks to buy now.
The stock has been getting mixed ratings from analysts in recent weeks
Despite that, it offers more than 38% upside potential to investors, based on its 1-year median target price. The stock also carries a moderately bullish consensus sentiment, with 5 of the 8 analysts who provided coverage assigning Buy ratings. On May 29, UBS upheld its Buy rating for the stock, while cutting down the firm’s price target from $19 to $17.
Despite the downward revision, UBS’s projection offers 51% upside potential at the prevailing level. Pachai Leknettip/ In mid-May, Citi lowered the rating on StoneCo Ltd. (NASDAQ:STNE) from Buy to Neutral and decreased the price target from $18 to $11. The firm also placed a downside 90-day catalyst watch on the stock.