StoneCo added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Sheriq Sumar added StoneCo (STNE) to the firm’s "Tactical Outperform" list ahead of Q4 earnings due on March 14, stating that the firm sees "significant upside potential" for the Street’s 2023 revenue and adjusted EBT estimates following the earnings print. The stock is down 3% year-to-date and has lagged PagSeguro Digital (PAGS) and the S&P 500 by 5% and 7%, respectively, Evercore noted. The firm, whose 2023 revenue estimate exceeds consensus by 6%, has an Outperform rating and $15 price target on StoneCo shares.