After plunging over 50% in yesterday’s trading session due to a short-seller report, shares of DLocal (NASDAQ: DLO) are 12% higher today. This came after DLocal refuted the claims made by Muddy Waters (the short seller), stating that they were inaccurate, groundless, and speculative.
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Is DLO a Good Stock to Buy?
DLO stock has a Moderate Buy consensus rating based on two Buys and one Sell assigned in the past three months. The average DLO stock price target of $31.67 implies over 174% upside potential.
