DLocal Stock Surges on Analyst Upgrade Amid Emerging Market Growth
Shares of DLocal, the emerging markets payments specialist, climbed 10% this week following an analyst upgrade from neutral to buy. The price target was raised from $12 to $19, signaling confidence in continued upside despite the stock's 76% surge over the past six months.
The company facilitates cross-border payments for 758 enterprise merchants, connecting them with over 2 billion potential customers across Latin America, Africa, and Asia. With 900 local payment options, DLocal solves accessibility challenges for global brands seeking emerging market penetration.
Total payment volume grew 53% last quarter as the digital payments sector in these regions prepares to double from $2.1 trillion to $4.2 trillion by 2030. While customer acquisition efforts temporarily pressured take rates, the long-term growth trajectory remains compelling.
