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StoneCo Stock Up 44% in 3 Months: Time to Chase or Hold Back?

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Key Takeaways

  • StoneCo shares have soared 44% in three months, outpacing major fintech peers and market indices.
  • The company's divestment of non-core units sharpened focus on its BRL 100B fintech market opportunity.
  • With robust ROE, rising client adoption and low P/E, STNE appears undervalued despite its rapid rally.

Shares of StoneCo Ltd. (STNE - Free Report) , the Brazilian fintech powerhouse, have surged an impressive 44% over the past three months, leaving both the S&P 500 composite’s 7.7% gain and the Internet–Software industry’s modest 2.1% rise far behind. 

This impressive rally also puts StoneCo ahead of major fintech rivals like PagSeguro Digital (PAGS - Free Report) and DLocal Limited (DLO - Free Report) . PagSeguro Digital, which focuses on providing digital payment solutions to small and mid-sized enterprises, climbed 18%, while DLocal Limited, a cross-border payments provider, posted a gain of 37.7%. 

This surge has been fueled by strong execution in its financial services business and decisive strategic moves, including divesting non-core software operations. This allows StoneCo to target more than 90% of its total addressable market, payments, banking and credit, estimated at BRL 100 billion in revenue opportunity. Crucially, its share in this vast market remains small, underscoring significant growth potential.

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Image Source: Zacks Investment Research

Investors are now wondering: Is it time to chase the stock or to take a breather?  For that, let’s take a closer look at StoneCo’s business fundamentals, strategic tailwinds and valuation to find out whether it makes a compelling case or not.

StoneCo: A Focused Fintech on the Rise

StoneCo’s second-quarter 2025 performance underscored its growth discipline. Adjusted net income jumped 27% year over year, while return on equity reached a robust 22%. The company’s financial services division led the charge, with ROE in that segment touching 30%. This growth came even as Brazil’s macro backdrop remained challenging, with high interest rates and signs of economic deceleration. 

The company’s sale of Linx billion is a strategic pivot, freeing capital to reinvest in core fintech operations or return to shareholders through buybacks. Indeed, StoneCo has already repurchased nearly BRL 2.6 billion in shares over the past year, a signal of management’s confidence.

StoneCo’s Strong Operating Momentum Across Segments

StoneCo’s MSMB (micro, small and medium business) payments segment continues to expand, with its active client base climbing 17% year over year to 4.5 million. Around 38% of these merchants now use three or more of the company’s solutions, boosting engagement and profitability. MSMB total payment volume grew 12%, fueled by rapid adoption of PIX QR Code transactions (+59%) and steady growth in card payments.

Meanwhile, the company’s banking ecosystem is gaining momentum. Active banking clients rose 23% to 3.3 million, while client deposits jumped 36%. 83% of these deposits are time-based, providing StoneCo with a stable, low-cost funding source that enhances margin resilience.

The credit business is also expanding prudently. StoneCo’s credit portfolio grew 25% sequentially to BRL 1.8 billion, supported by a 41% increase in merchant working capital loans. While provisioning rose amid macro caution, non-performing loan ratios remain healthy, a testament to the firm’s disciplined underwriting and risk controls.

Moreover, StoneCo’s balance sheet remains solid. It ended the quarter with BRL 3.7 billion in net cash, even after significant buybacks. The company’s capital-light approach, growing deposit base and expanding credit operations suggest that profitability could further scale without heavy reinvestment.

StoneCo: Earnings Estimates and Valuation Appeal

The estimate revisions also echo similar sentiments, with the Zacks Consensus Estimate for both 2025 and 2026 earnings per share being revised north over the past 30 days.

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Image Source: Zacks Investment Research

Despite its stellar run, STNE remains attractively priced. STNE stock has a Value Score of B.

This is evident, as in terms of forward 12-month P/E, StoneCo shares currently trade at 9.93X, well off its three-year high of 31.33X and below its median of 11.03X. The stock is also trading significantly below the industry’s P/E ratio of 38.37. The stock is also trading below DLocal’s 19.35X. Meanwhile, PagSeguro Digital trades at 6.38X.

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Image Source: Zacks Investment Research

STNE: A Fintech Worth Buying

StoneCo’s recent surge reflects more than market enthusiasm. It’s backed by robust fundamentals, rising profitability and a focused strategy. With an expanding client base, disciplined capital allocation and best-in-class returns, the company is set to sustain its growth trajectory even amid Brazil’s softer macro backdrop.

At under 10x forward earnings and with earnings momentum accelerating, STNE still looks undervalued. The fintech’s transformation into a leaner, more profitable financial platform makes it one of the most compelling growth stories in Latin America today. For investors seeking a balance of value and upside potential, StoneCo remains a Buy.

STNE currently sports a Zacks Rank #1 (Strong Buy), and it still seems to be an opportune time for investors to capitalize on StoneCo’s momentum before the market fully prices in its upside potential. You can see the complete list of today’s Zacks #1 Rank stocks here.


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