DLocal's Stellar Q2 Performance And New Co-CEO Appointment: Why Analyst Is Bullish On Future Prospects
Portfolio Pulse from Nabaparna Bhattacharya
Susquehanna analyst James E. Friedman reiterated a positive rating on DLocal Limited (NASDAQ:DLO), raising the price target to $24 from $18. The company reported Q2 results with $4.4 billion in total payment volume, up 80% YoY and 22% QoQ. DLocal also appointed Pedro Arnt as co-CEO. The analyst raised the 2023 revenue estimate to $636.5 million and the FY23 EPS estimate to $0.57. However, the analyst sees a downside risk of $15 due to potential loss of a top merchant, insourcing payments processing, and regulatory risks.
August 16, 2023 | 5:48 pm
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POSITIVE IMPACT
DLocal's strong Q2 performance and new co-CEO appointment have led to a positive rating from Susquehanna analyst. However, potential risks include loss of a top merchant, insourcing payments processing, and regulatory risks.
The positive rating and raised price target by the analyst are likely to boost investor confidence in DLocal, potentially driving the stock price up in the short term. However, the mentioned risks could negatively impact the stock price if they materialize.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100