-
Posted by
Two Blokes May 15 -
Filed in
Stock
-
3 views
DLocal delivered strong Q1 results, as payment volume growth accelerated to 53%. While the take rate continued to decline, DLocal's volume growth more than offset the pressure. On top, cost discipline drove an impressive increase in earnings. The market remains overly concerned with DLocal's take rate decline. I estimate DLO to have 42% upside to $16.5.
