DLocal ( (DLO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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DLocal’s stock price surged after Goldman Sachs upgraded the company to a ‘Buy’ rating. The upgrade was based on expectations of over 20% EBITDA growth, fueled by geographical diversification and increased market share. Additionally, the attraction of new merchants, including stablecoin operators, is anticipated to bolster payment volume growth through 2027, showcasing DLocal’s promising growth trajectory despite macroeconomic challenges.
More about DLocal
YTD Price Performance: 32.34%
Average Trading Volume: 2,592,067
Technical Sentiment Signal: Buy
Current Market Cap: $4.07B
For further insights into DLO stock on TipRanks’ Stock Analysis page.
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