Goldman Sachs upgraded DLocal (DLO) to Buy from Neutral with a price target of $19, up from $12. The firm cites its greater confidence that the company can deliver 20%-plus EBITDA growth in the mid-term for the upgrade. DLocal will report “solid” payment volume growth through 2027, driven by geographical diversification, market share gains with existing merchants, and attracting new merchants, such as stablecoin operators, the analyst tells investors in a research note.
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