HSBC lowered the firm’s price target on DLocal to $17 from $19 and keeps a Hold rating on the shares. The analyst expects the company’s 2024 to be marred by volatility from its exposure to markets like Argentina and Nigeria. DLocal’s increased spending and taxes will somewhat pressure earnings, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLO:
- DLocal price target lowered to $17 from $17.50 at JPMorgan
- DLocal announces strategic partnership with Ebury
- DLocal price target lowered to $17 from $18 at Barclays
- dLocal and Ebury expand partnership to offer efficient payment solutions in Africa’s largest markets
- DLocal price target lowered to $21 from $24 at Susquehanna