Susquehanna analyst James Friedman has reiterated their bullish stance on DLO stock, giving a Buy rating on September 15.
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James Friedman has given his Buy rating due to a combination of factors that highlight DLocal’s promising growth trajectory. The company’s Total Payment Volume (TPV) trends appear strong, with a balanced demand across various merchants and regions, indicating a solid market position. Additionally, the introduction of new services is beginning to gain traction, further supporting the company’s growth potential.
Friedman also points out the favorable secular and structural trends that underpin DLocal’s expansion, particularly in core markets like Brazil and Latin America. Despite macroeconomic challenges in countries like Mexico and Egypt, the company demonstrates resilience, with management emphasizing the ongoing adoption of products such as installments and the contributions from global merchants. While Argentina’s hyperinflationary accounting poses some complexities, Friedman views these as non-fundamental, suggesting they do not significantly impact the company’s overall positive outlook.
Friedman covers the Technology sector, focusing on stocks such as Fidelity National Info, Infosys, and Block. According to TipRanks, Friedman has an average return of 4.1% and a 55.32% success rate on recommended stocks.
In another report released on September 15, Citi also reiterated a Buy rating on the stock with a $17.00 price target.