DLocal price target lowered to $25 from $43 at Goldman Sachs

Goldman Sachs analyst Tito Labarta lowered the firm’s price target on DLocal to $25 from $43 and keeps a Buy rating on the shares. The analyst says cent uncertainty in the name has led him to review the company’s country exposure, with Asia and Africa doubling from 10% of revenues in Q1 of 2021 to 22% today and country risk in Argentina is "rising significantly." However, he continues to sees strong growth potential with attractive margins for DLocal.