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.
Scoring Rationale
Credible broker update from JPMorgan with company operational momentum; limited novelty and narrow, company-level scope cap impact.
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