DLocal Ltd-Uruguay: Financial Highlights and Recent Developments

DLocal Ltd-Uruguay, a financial services company based in Montevideo, Uruguay, operates a single payment platform that facilitates payments, payouts, and fund settlements globally. The company is listed on the Nasdaq stock exchange and trades in USD. As of May 22, 2025, DLocal’s close price was $11.26, with a 52-week high of $14.265 on February 17, 2025, and a 52-week low of $6.575 on August 4, 2024. The company’s market capitalization stands at $3.33 billion, and it has a price-to-earnings ratio of 23.86.

Citi Initiates Buy Rating on DLocal Stock

On May 27, 2025, Citi initiated coverage of DLocal stock with a “Buy” rating and set a target price of $14.60. This positive outlook from a major financial institution could signal increased investor confidence in DLocal’s growth prospects and market position.

Strategic Partnership with Panda Remit

In a significant development, DLocal has partnered with Panda Remit to enhance its presence in the African payments market. Announced on May 26, 2025, this collaboration aims to provide cheaper cross-border remittances, leveraging DLocal’s payment platform capabilities. The partnership is expected to expand DLocal’s reach and service offerings in Africa, a region with substantial remittance flows.

These recent developments highlight DLocal’s strategic initiatives to expand its global footprint and enhance its service offerings, positioning the company for potential growth in the competitive financial services sector.