Goldman Sachs Maintains Buy on DLocal, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Tito Labarta maintains a Buy rating on DLocal (NASDAQ:DLO) but lowers the price target from $21 to $18.

March 20, 2024 | 3:00 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on DLocal but lowers the price target from $21 to $18.
While the reduction in price target from $21 to $18 by Goldman Sachs could suggest a tempered outlook on DLocal's short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100