Fintel reports that on April 13, 2023,
Goldman Sachs
maintained
coverage of DLocal (NASDAQ:DLO) with
a Buy recommendation.
Analyst Price Forecast Suggests 32.19% Upside
As of April 6, 2023,
the average one-year price target for DLocal is $18.47.
The forecasts range from a low of $12.12 to a high of $32.55.
The average price target represents an increase of 32.19% from its latest reported closing price of $13.97.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for DLocal
is $654MM, an increase of 56.17%.
The projected annual non-GAAP EPS
is $0.67.
What are Other Shareholders Doing?
GUSA – Goldman Sachs MarketBeta U.S. 1000 Equity ETF
holds 3K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 3K shares, representing
a decrease
of 3.89%.
The firm
decreased
its portfolio allocation in DLO by 45.10% over the last quarter.
Royal Bank Of Canada
holds 10K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 7K shares, representing
an increase
of 26.16%.
The firm
decreased
its portfolio allocation in DLO by 5.89% over the last quarter.
FBKFX – Fidelity Balanced K6 Fund
holds 52K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 43K shares, representing
an increase
of 16.77%.
The firm
decreased
its portfolio allocation in DLO by 39.53% over the last quarter.
Wells Fargo
holds 0K shares
representing 0.00% ownership of the company.
No change in the last quarter.
Millennium Management
holds 2,297K shares
representing 0.78% ownership of the company.
In it’s prior filing, the firm reported owning 238K shares, representing
an increase
of 89.65%.
The firm
increased
its portfolio allocation in DLO by 585.91% over the last quarter.
What is the Fund Sentiment?
There are 234 funds or institutions reporting positions in DLocal.
This is a decrease
of
35
owner(s) or 13.01% in the last quarter.
Average portfolio weight of all funds dedicated to DLO is 0.92%,
an increase
of 12.46%.
Total shares owned by institutions decreased
in the last three months by 6.00% to 149,252K shares.
The put/call ratio of DLO is 0.38, indicating a
bullish
outlook.
DLocal Background Information
(This description is provided by the company.)
DLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and payout processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.
See all DLocal regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
