Truist initiated coverage of DLocal (DLO) with a Hold rating and $12 price target While DLocal’s new management team is well-regarded and it is a direct way to play the cash digitization theme in emerging markets, Truist struggles to see meaningful upside to the current share price given concerns about ongoing rate compression, the analyst tells investors in a research note. In addition, Truist believes that the company’s current investment cycle may last longer than the Street expects.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLO:
- Altria, Prime Medicine, US Steel, DLocal, Prothena: Trending by Analysts
- Citigroup Highlights DLocal’s Growth Potential and Shareholder Value with Strategic Positioning in Emerging Markets
- DLocal initiated with a Buy at Citi
- Charter to combine with Cox, Take-Two reports mixed Q4 results: Morning Buzz
- Dlocal Limited Reports Record Earnings Amid Growth and Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue