DLocal (NASDAQ:DLO) Price Target Raised to $17.00 at Citigroup

Key Points

• Citigroup has raised its target price for DLocal (NASDAQ:DLO) from $14.60 to $17.00, indicating a potential upside of 19.89% from the current stock price, while maintaining a "buy" rating.
• Other institutions, including Truist Financial and HSBC, have also revised their target prices recently, showing a range of current valuations and ratings that suggest a mostly positive sentiment toward DLocal's stock.
• DLocal reported strong quarterly earnings with $256.50 million in revenue, surpassing expectations and reflecting a 49.7% increase compared to the previous year, alongside an earnings per share of $0.14.

DLocal (NASDAQ:DLO - Get Free Report) had its price target boosted by equities researchers at Citigroup from $14.60 to $17.00 in a research report issued on Tuesday, Marketbeat reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price would suggest a potential upside of 13.41% from the stock's current price.

Other equities analysts have also issued research reports about the company. Truist Financial boosted their price objective on DLocal from $12.00 to $14.00 and gave the stock a "hold" rating in a research note on Friday, August 22nd. Wall Street Zen raised DLocal from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 14th. UBS Group reissued a "neutral" rating and set a $10.00 price objective (up previously from $9.00) on shares of DLocal in a research note on Wednesday, July 30th. HSBC raised DLocal from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $11.50 to $15.00 in a research note on Thursday, August 14th. Finally, Hsbc Global Res raised DLocal from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DLocal currently has a consensus rating of "Moderate Buy" and an average price target of $14.00.

DLocal Price Performance

Shares of NASDAQ:DLO traded up $0.10 during trading on Tuesday, reaching $14.99. The stock had a trading volume of 1,989,561 shares, compared to its average volume of 2,921,568. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The business has a fifty day moving average price of $12.70 and a 200-day moving average price of $10.79. The stock has a market cap of $4.68 billion, a PE ratio of 31.23 and a beta of 1.13. DLocal has a 1-year low of $7.61 and a 1-year high of $16.44.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The firm had revenue of $256.50 million for the quarter, compared to analyst estimates of $226.71 million. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The business's revenue was up 49.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. DLocal has set its FY 2025 guidance at EPS. On average, equities analysts forecast that DLocal will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Lane Generational LLC increased its holdings in shares of DLocal by 27.5% in the 1st quarter. Lane Generational LLC now owns 525,530 shares of the company's stock valued at $4,383,000 after acquiring an additional 113,297 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in DLocal by 603.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock worth $34,000 after acquiring an additional 3,477 shares during the period. Virtu Financial LLC lifted its position in DLocal by 203.9% during the 1st quarter. Virtu Financial LLC now owns 38,267 shares of the company's stock worth $319,000 after acquiring an additional 25,676 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of DLocal by 4.1% during the 1st 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 in the last quarter. Finally, Northern Trust Corp purchased a new position in shares of DLocal during the 4th quarter worth approximately $1,401,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

About DLocal

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.