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Top related persons:
Pedro Zinner - 2 Yuri Fernandes - 1 Stone - 1 Fernandes - 1 Stone's - 1 Zinner - 1 StoneCo - 1 Peter Frontini - 1
Top related locs:
Brazilian Cayman Islands U.S New York
Top related orgs:
JPMorgan - 1 Stone - 1 SAO PAULO - 1 André - 1 Thomson - 1

Search resuls for: "Pedro Zinner"


2 mentions found


☆ JPMorgan upgrades this beaten-down payments stock, says it can surge 50%
  + stars: | 2024-06-06 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
An overseas investment idea investors shouldn't overlook is StoneCo., a Brazilian financial technology and software solutions company headquartered in the Cayman Islands that JPMorgan has grown bullish on. He maintained his $20 year-end price target, which implies roughly 50% upside from the stock's latest close. "We believe [a] Stone re-rating depends mostly on banking deliveries (i.e., deposits and healthy credit growth) rather than [the] macro environment." Stone's differentiated business model, based on a close approach to clients via hyper-local distribution centers, has allowed it to quickly expand its market share, Fernandes said. He estimates Stone has about 20% market share in the core micro, small and medium-sized businesses (MSMB) market .
Persons: Yuri Fernandes, Stone, Fernandes, Pedro Zinner, Stone's Organizations: JPMorgan, Stone, Reuters Locations: Brazilian, Cayman Islands, U.S
☆ Brazil's StoneCo sees profit multiplying eightfold by 2027
  + stars: | 2023-11-15 | by ( Andre Romani | ) www.reuters.com   time to read: +2 min
The firm will continue to focus on the micro, small and medium-sized business (MSMB) client segments, while maintaining a controlled level of investment, Zinner said. StoneCo is projecting adjusted net profit of at least 1.9 billion reais in 2024 and at least 4.3 billion reais in 2027, an aggressive target after closing last year with an adjusted net profit of 526 million reais. The bullish guidance comes on the heels of a more than 300% increase in adjusted profit for the third quarter year-on-year, which boosted the company's 12.9% on Monday in New York. The volume of payments processed by the company in the MSMB segment is expected to exceed 412 billion reais in 2024 and reach over 600 billion reais in 2027, compared to 290 billion reais last year. With the acquisition of Linx, it also has now a significant presence in the business management software space.
Persons: Pedro Zinner, Zinner, StoneCo, Peter Frontini, Ana Mano, Cynthia Osterman Organizations: SAO PAULO, Reuters, André, Thomson Locations: New York
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