BASES AND BREAKOUTS
STONECO (STNE)
Buy Point: 16 | Buy Zone: 16 - 16.80
Current Action: Brazilian fintech stock StoneCo is nearing the 16 buy point of a cup-with-handle base, according to IBD MarketSurge pattern recognition. The company reported higher-than-expected second-quarter earnings but missed sales views on Aug. 7. Its profit growth ramped up to 46% in Q2 while its revenue increased 24%. The MarketSurge Growth 250 stock has nearly doubled so far this year. Analysts recently raised their 2025 profit forecasts to an increase of 36%. And 2026 estimates call for EPS growth of 18%. StoneCo provides payment processing, banking services and software to businesses of all sizes. Its IBD Composite Rating is a strong 96 out of a best-possible 99.
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