What's Going On With DLocal Stock?
Portfolio Pulse from Ryan Gustafson
DLocal Limited (NASDAQ:DLO) reported better-than-expected Q2 financial results and reaffirmed its full-year 2023 revenue guidance. Despite this, DLO shares traded lower on Thursday. Goldman Sachs analyst Tito Labarta maintained a Buy rating on DLO and raised the price target from $21 to $24.
August 17, 2023 | 7:45 pm
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DLocal's stock traded lower despite positive Q2 results and reaffirmed 2023 revenue guidance. Goldman Sachs maintains a Buy rating and raises the price target.
Despite reporting better-than-expected Q2 results and reaffirming its 2023 revenue guidance, DLocal's stock traded lower. This could be due to market volatility or investor sentiment. However, Goldman Sachs' maintained Buy rating and increased price target indicates a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100