Why PagSeguro Digital Stock Soared Today

PagSeguro Digital stock surged 22.73% following Brazil's first-round presidential election, where conservative candidate Flávio Bolsonaro won 47.3% of votes versus incumbent Lula's 44.8%. Investors believe a Bolsonaro victory in the October 25 runoff would be beneficial for Brazilian business and PagSeguro, which conducts 99.1% of its operations in Brazil. The stock is valued at 6.2x trailing earnings with forecasted earnings growth exceeding 10% annually.