Down 44% in 2022, Is This Warren Buffett Stock a Buy for 2023?

By Parkev Tatevosian, CFA – Jan 12, 2023 at 6:30AM

NASDAQ: STNE

StoneCo

Market Cap

$5B

Today's Change

(0.26%) $0.04

Current Price

$15.30

Price as of April 19, 2024, 4:00 p.m. ET

This Brazilian fintech company could benefit from rising e-commerce sales.

StoneCo (STNE 0.26%) is in an excellent position to benefit from a strong secular tailwind. In this video, I will answer if the stock is a buy.

*Stock prices used were the afternoon prices of Jan. 8, 2023. The video was published on Jan. 10, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends StoneCo. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.