DLocal ( (DLO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
DLocal Limited’s stock movement has been influenced by its recent earnings call, which showcased strong financial growth and strategic expansion. Despite reporting a 45% increase in Total Payment Volume and robust financial metrics, challenges like take rate compression and currency devaluation, particularly in Nigeria, have impacted revenues. These factors led Barclays analyst John Coffey to adjust the price target from $10 to $9, maintaining an Equal Weight rating. Additionally, market dynamics in Brazil and Mexico have affected gross profits. However, DLocal’s strategic focus on expanding payment solutions and securing global licenses suggests potential for continued growth.
More about DLocal
YTD Price Performance: -18.19%
Average Trading Volume: 1,233,060
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.72B
For further insights into DLO stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.