Barclays Upgrades DLocal to Equal-Weight, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst John Coffey upgraded DLocal (NASDAQ:DLO) from Underweight to Equal-Weight and increased the price target from $15 to $18.
December 11, 2023 | 10:01 am
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Barclays upgraded DLocal from Underweight to Equal-Weight and raised the price target from $15 to $18, indicating a more positive outlook on the stock.
Upgrades by analysts, especially from underweight to equal-weight, typically signal a more favorable view on the stock's valuation and future performance. The increase in price target further suggests that Barclays sees more upside potential in DLocal's stock price. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100