DLocal Limited receives Investment Bank Analyst Rating Update
Benzinga - U.S. markets closed in the red on Wednesday after Target Corporation’s (NYSE: TGT) decline in holiday-quarter sales brought down retail stocks. The Nasdaq closed...
By Sam Boughedda Investment research firm Muddy Waters Capital said it is short DLocal Ltd (NASDAQ:DLO), a fast-growing payments company based in Uruguay. DLocal shares plunged...
Dlocal Ltd, an Uruguay-based company, is focused on enabling global merchants to connect with emerging market users. The Company offers payment platform for emerging markets. Through the Company's direct application programming interface (API), one technology platform, and one contract, which is collectively referred as the One dLocal model. The Company enables global enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. The Company's cloud-based platform powers both cross-border and local-to-local transactions in approximately 29 countries. The Company enables global merchants to connect with over 600 local payment methods across different geographies, which expands their addressable markets. It operates in different verticals and geographies. The Company's key verticals include retail, streaming, ride hailing, financial institutions, advertising, software as a service (SaaS), travel, e-learning and gaming.
|Average||22.33 (+35.76% Upside)|
|No. of Analysts||9|