Bank of America downgrades STNE amid Brazil’s tough 2026/2027 outlook, trimming target from $23.00 as shares dip slightly.
Bank of America Securities downgraded StoneCo (STNE) to Neutral from Buy and reduced its price target to $13.00 from $23.00. The move reflects a challenging operating environment in Brazil expected in 2026 and 2027.
The prior target of $23.00 had been set earlier this year, with the downgrade marking a significant shift in outlook. StoneCo’s shares were trading 0.27% lower at $11.27 in afternoon trading on Wednesday.
No immediate market reaction beyond the modest share price decline was reported.