Goldman Sachs lowered the firm’s price target on DLocal (DLO) to $10 from $11 and keeps a Neutral rating on the shares ahead of its Q1 results. The firm expects a relatively weaker EBITDA in Q1 as TPV – Total Payment Volume – growth slows after a seasonally strong Q4 and the net take rate faces pressure from higher pay-outs, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLO: