JPMorgan Lowers DLocal Price Target to $18 While Retaining Overweight Rating
JPMorgan lowered DLocal’s price target to $18 from $18.50 while maintaining an Overweight rating ahead of solid quarterly results despite tougher year-over-year comparisons. The company reported record total payment volume and gross profit, expanded Buy Now, Pay Later Fuse to six countries and supports 27 payment methods across 16 markets.
1. Analyst Rating and Price Target Adjustment
On February 2, JPMorgan lowered its price target to $18 from $18.50 while maintaining an Overweight rating on DLocal shares. The firm flagged solid expected quarterly results but warned that tougher year-over-year comparisons could constrain payment volume growth.
2. Record Payment Volume and Gross Profit
DLocal delivered record total payment volume and gross profit in the most recent quarter, driven by sustained demand for its cross-border payments platform. These results underscore the company’s operational momentum despite macroeconomic and regulatory headwinds in markets such as Argentina, Mexico and Egypt.
3. Expansion of Payment Solutions
The company expanded its Buy Now, Pay Later Fuse offering to six countries and increased its APMs-on-file to support 27 local payment methods across 16 markets, highlighting its strategy to deepen penetration in emerging markets. Continued product development and geographic reach are central to DLocal’s growth outlook.