StoneCo: Material Deceleration On The Horizon

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About: StoneCo Ltd. (STNE)
by: Taylor Dart
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Taylor Dart
Long/short equity, momentum, gold & precious metals
Summary

StoneCo was one of the leading stocks in the Payment Group by performance, with a 116% return for 2019.

The company has exceptional growth metrics, with revenue growth averaging 66% in the past four quarters.

However, the stock is beginning to get expensive at a revenue multiple of nearly 21.

Based on this, I believe any moves above $44.00 are an opportunity for investors to take some profits.

It's been an exceptional start to 2020 for StoneCo (STNE), with the company up 7% out of the gate to add to its triple-digit return in 2019. The company has trounced the performance