DLocal (NASDAQ:DLO) Price Target Cut to $18.00 by Analysts at JPMorgan Chase & Co.

DLocal (NASDAQ:DLO) had its target price cut by JPMorgan Chase & Co. from $18.50 to $18.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently issued reports on DLO. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research report on Wednesday, January 21st. Itau BBA Securities assumed coverage on shares of DLocal in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $21.00 price target for the company. Wall Street Zen downgraded shares of DLocal from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group set a $19.00 price objective on DLocal and gave the company a “buy” rating in a research note on Tuesday, October 14th. Finally, Truist Financial set a $17.00 target price on DLocal in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.40.

DLocal Price Performance

Shares of DLO opened at $13.82 on Monday. The firm has a 50-day simple moving average of $14.01 and a two-hundred day simple moving average of $13.74. The stock has a market cap of $4.32 billion, a PE ratio of 24.68 and a beta of 1.13. DLocal has a 1-year low of $7.61 and a 1-year high of $16.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.17 earnings per share for the quarter. The firm had revenue of $282.48 million during the quarter. DLocal had a net margin of 17.80% and a return on equity of 37.66%. As a group, analysts forecast that DLocal will post 0.47 EPS for the current year.

Institutional Trading of DLocal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLO. Royal Bank of Canada increased its position in shares of DLocal by 562.7% during the first quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock worth $406,000 after purchasing an additional 41,324 shares in the last quarter. Goldman Sachs Group Inc. increased its position in DLocal by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock worth $4,796,000 after buying an additional 22,803 shares during the period. Empowered Funds LLC lifted its stake in DLocal by 2.7% in the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock valued at $406,000 after buying an additional 1,281 shares during the last quarter. CWM LLC purchased a new stake in DLocal in the second quarter valued at approximately $113,000. Finally, Activest Wealth Management acquired a new stake in shares of DLocal in the second quarter valued at approximately $80,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.