JPMorgan Stays Bullish on DLocal Limited (DLO) as Cross-Border Payments Growth Continues

We recently published an article titled 13 High Growth Cloud Stocks to Buy. 

On February 2, JPMorgan lowered its price target on DLocal Limited (NASDAQ:DLO) to $18 from $18.50 while maintaining an Overweight rating on the shares. The firm expects quarterly results to be solid, though tougher year-over-year comparisons could limit upside surprises in payment volumes.

Recent commentary from DLocal Limited (NASDAQ:DLO)’s earnings call underscored strong operational momentum. The company delivered record performance in Total Payment Volume and gross profit, reflecting continued demand for its cross-border payments infrastructure despite macro and regulatory challenges in certain markets such as Argentina, Mexico, and Egypt. Product expansion remains a focus, with the Buy Now, Pay Later Fuse now live in six countries and APMs-on-file supporting 27 local payment methods across 16 countries.

Founded in 2016 and headquartered in Montevideo, Uruguay, DLocal Limited (NASDAQ:DLO) focuses on enabling global merchants to operate seamlessly in emerging markets. While regional volatility remains a consideration, the company’s expanding payment capabilities and geographic reach continue to support its positioning as a key infrastructure provider in cross-border commerce.

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