From Yahoo Finance: 2025-05-27 14:25:00

Citi analyst Arnon Shirazi initiated coverage of DLocal Limited (NASDAQ:DLO) with a Buy rating and a $14.60 price target, citing the company’s expanding payment volume and strategic position in emerging markets. DLocal reported strong Q1 2025 financial results, with revenue reaching $217 million, gross profit at $85 million, and Total Payment Volume surging by 53% year-over-year to $8.1 billion. However, local-to-local TPV declined 3% due to seasonality and increased processing costs in certain regions. The company operates a global payment processing platform.

Read more: Citi Initiates Coverage of DLocal (DLO) with a Buy Rating