BofA analyst Jason Kupferberg downgraded DLocal to Neutral from Buy with an unchanged $16 price target. With shares up about 50% off their June lows, the firm sees just about 10% potential upside and it highlights potential risks that include the prospect for further margin declines, an uncertain pace of top-line deceleration and heightened regulatory scrutiny in Argentina.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DLO:
- DLocal initiated with a Positive at Susquehanna
- dLocal to Report Second Quarter 2023 Financial Results
- dLocal engages with Argentine authorities and announces further investments in the country
- dLocal Announces Appointment of Sergio Fogel as Co-President and Chief Strategy Officer, and completion of major share purchase by key shareholders