Goldman Sachs Downgrades DLocal to Neutral, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Tito Labarta has downgraded DLocal (NASDAQ:DLO) from Buy to Neutral and lowered the price target from $16 to $8.
June 26, 2024 | 5:38 pm
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NEGATIVE IMPACT
Goldman Sachs has downgraded DLocal from Buy to Neutral and significantly lowered the price target from $16 to $8.
The downgrade from Buy to Neutral and the significant reduction in the price target from $16 to $8 by a major financial institution like Goldman Sachs is likely to negatively impact investor sentiment and the stock price of DLocal in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100