JPMorgan Lowers DLocal Price Target Amid Momentum

On February 2, JPMorgan lowered its price target on DLocal Limited (NASDAQ:DLO) to $18 from $18.50 while maintaining an Overweight rating. The company reported record total payment volume and gross profit, and said product expansion—including BNPL Fuse in six countries and APMs-on-file for 27 local payment methods across 16 countries—supports continued cross-border payments demand despite regional volatility.
Key Points
- 1JPMorgan lowers DLocal price target to $18 on Feb 2, retains Overweight rating
- 2Company reports record total payment volume and gross profit, indicating sustained cross-border payments demand
- 3Product expansion including BNPL Fuse in six countries and 27 APMs-on-file supports growth
Scoring Rationale
Credible broker update from JPMorgan with company operational momentum; limited novelty and narrow, company-level scope cap impact.
Sources
Public references used for this report.
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