Truist Financial Forecasts Strong Price Appreciation for DLocal (NASDAQ:DLO) Stock

Key Points

• Truist Financial has raised its price target for DLocal (NASDAQ:DLO) from $12.00 to $14.00, suggesting a potential downside of 2.85% from the last close.
• Despite the "hold" rating from Truist, other brokerages have issued more optimistic ratings, including HSBC's upgrade to "strong-buy" and a price target of $18.00 from Susquehanna.
• DLocal reported a 49.7% year-over-year increase in revenue, with quarterly earnings exceeding analysts' expectations, demonstrating strong growth potential for the company.

DLocal (NASDAQ:DLO - Get Free Report) had its price objective hoisted by equities research analysts at Truist Financial from $12.00 to $14.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "hold" rating on the stock. Truist Financial's price target indicates a potential downside of 2.85% from the company's previous close.

A number of other brokerages have also recently issued reports on DLO. Hsbc Global Res upgraded DLocal from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Citigroup assumed coverage on shares of DLocal in a report on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective for the company. UBS Group reaffirmed a "neutral" rating and issued a $10.00 price objective (up from $9.00) on shares of DLocal in a report on Wednesday, July 30th. Susquehanna raised their price objective on shares of DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, May 15th. Finally, Morgan Stanley set a $15.00 price objective on shares of DLocal in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.73.

DLocal Trading Up 1.3%

Shares of DLO stock opened at $14.41 on Friday. DLocal has a 52-week low of $7.61 and a 52-week high of $16.44. 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 company has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $10.57. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 30.02 and a beta of 1.10.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DLO. Wells Fargo & Company MN boosted its holdings in DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after purchasing an additional 1,797 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in DLocal by 603.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock valued at $34,000 after purchasing an additional 3,477 shares during the period. Parvin Asset Management LLC bought a new position in DLocal in the 4th quarter valued at $55,000. Activest Wealth Management bought a new position in DLocal in the 2nd quarter valued at $80,000. Finally, Caption Management LLC boosted its holdings in DLocal by 164.7% in the 1st quarter. Caption Management LLC now owns 11,249 shares of the company's stock valued at $94,000 after purchasing an additional 7,000 shares during the period. 90.13% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.