DLocal price target lowered to $10 from $11 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on DLocal (DLO) to $10 from $11 and keeps a Neutral rating on the shares ahead of its Q1 results. The firm expects a relatively weaker EBITDA in Q1 as TPV – Total Payment Volume – growth slows after a seasonally strong Q4 and the net take rate faces pressure from higher pay-outs, the analyst tells investors in a research note.