Core Insights - DLocal Limited (NASDAQ:DLO) has shown strong operational momentum with record performance in Total Payment Volume and gross profit, indicating robust demand for its cross-border payments infrastructure despite challenges in certain markets [3][4] - JPMorgan has lowered its price target for DLocal to $18 from $18.50 while maintaining an Overweight rating, anticipating solid quarterly results but noting that tougher year-over-year comparisons may limit upside surprises in payment volumes [2] - The company is focused on product expansion, with its Buy Now, Pay Later Fuse now operational in six countries and supporting 27 local payment methods across 16 countries [3] Company Overview - Founded in 2016 and headquartered in Montevideo, Uruguay, DLocal Limited specializes in enabling global merchants to operate seamlessly in emerging markets [4] - Despite regional volatility, DLocal's expanding payment capabilities and geographic reach position it as a key infrastructure provider in cross-border commerce [4]

Group 1 - DLocal Limited (NASDAQ:DLO) is recognized as one of the best performing new tech stocks, with Truist raising its price target to $17 from $16 while maintaining a Buy rating ahead of the Q4 2025 earnings report [1] - Truist anticipates solid performance for DLocal in Q4 2025, but notes that challenging year-over-year comparisons may hinder significant volume exceedance [1] - Itau BBA analyst William Barranjard initiated coverage of DLocal with an Outperform rating and set a price target of $21 [3] Group 2 - Truist expresses general optimism about the FinTech sector's trajectory through 2026, suggesting that management teams may provide more conservative guidance to reset expectations [2] - DLocal operates a global payment processing platform, offering a robust pay-in solution for businesses to receive payments through various methods [4]

Core Viewpoint - dLocal Limited, a financial technology company, is set to release its financial results for the fourth fiscal quarter ended December 31, 2025, on March 18, 2026, after market close [1] Group 1: Financial Results Announcement - The financial results will be disclosed on March 18, 2026, after market close [1] - A conference call and video webcast will be hosted on the same day at 5:00 p.m. Eastern Time [1] Group 2: Conference Call Details - Pre-registration for the conference call is available, providing dial-in numbers and passcodes [2] - The live conference call can be accessed via audio webcast on the company's investor relations website, with an archive available for one year post-call [2] Group 3: Company Overview - dLocal facilitates local payments in emerging markets, connecting global enterprise merchants with billions of consumers across regions such as APAC, the Middle East, Latin America, and Africa [3] - The "One dLocal" concept allows global companies to manage payments, payouts, and fund settlements through a single API, platform, and contract, eliminating the need for multiple local entities and payment processors [3]

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Core Insights - dLocal Ltd is set to significantly strengthen its presence in Asia starting in 2026, viewing the continent as a critical area for long-term expansion [1][2] - The initiative is described as a multi-year endeavor, with 2026 marking the year the company commits to treating Asia as a strategic priority [2] - The company plans to enhance its operational capabilities, including sales teams, regulatory licenses, and infrastructure to support cross-border transactions [2][4] Company Strategy - Currently, dLocal operates in select Asian markets, facilitating local payment methods for international enterprises, allowing them to reach billions of consumers [3] - While Latin America remains the primary market, Asia has been contributing a growing share of revenue, indicating successful diversification [4] - To support deeper market penetration, dLocal plans to recruit dozens of new employees, including high-level executives [4] Industry Trends - The strategy aligns with the e-commerce boom in emerging Asia, driven by digital adoption and a large consumer base, creating demand for localized payment solutions [5] - dLocal's platform addresses the complexities of operating in emerging economies, where fragmented payment landscapes and regulatory challenges exist [5] - By focusing on Asia, the company aims to capitalize on untapped potential and enhance service delivery for merchants entering the region [6]

Core Thesis - DLocal Limited is viewed positively due to its strong positioning in the payments infrastructure sector for emerging markets, with a current share price of $14.52 and P/E ratios of 25.93 (trailing) and 17.27 (forward) [1][2] Company Overview - DLocal operates a mission-critical payments platform that allows global merchants to transact seamlessly with consumers across over 40 countries, simplifying payment systems and regulatory complexities [2] - The company's "One dLocal" model creates a competitive advantage based on local expertise rather than solely on technology [2] Financial Performance - DLocal has a capital-light and highly profitable business model, achieving a 21.4% EBIT margin on $863.5 million in revenue [3] - The company is monitoring client concentration, with a shift in merchant composition as new enterprise clients are added [3] Valuation Analysis - A 10-year DCF analysis estimates an intrinsic value of $22.49 per share, indicating a 40.5% margin of safety compared to the current price of $13.38 [4] - The model anticipates a 21% revenue CAGR over the next decade, with growth expected to moderate from 37% in FY2025 to 6.5% by Year 10, and EBIT margins stabilizing between 19% and 21% [4] Assumptions and Valuation Metrics - Conservative assumptions include a 20% normalized tax rate, a 1.5% capex-to-revenue ratio, and a WACC of 9.73% [5] - The enterprise value is approximately $6.1 billion, with an equity value of around $6.6 billion, providing a solid valuation base not reliant on aggressive growth [5] Market Outlook - In a bear scenario, the share price is projected at $16.4, indicating limited downside, while the bull case suggests a price of $29.5, presenting significant upside potential [6] - The current market pricing implies a perpetual decline in free cash flow, which is considered an unrealistic assumption for a high-return platform in expanding digital economies [6] Historical Context - The stock has appreciated about 49.07% since a previous bullish thesis in March 2025, which highlighted DLocal's strong positioning in emerging-market payments [7] - The current analysis aligns with previous positive views, emphasizing a detailed DCF-based valuation approach and margin of safety [7]

分组1 - DLocal has successfully turned around after a volatile IPO period, with stock stabilization and strong operational performance [1] - The company reported impressive revenue growth driven by increased merchant adoption and transaction volumes, exceeding sales and earnings estimates in Q3 [1][2] - Earnings are projected to grow by over 21% this year, indicating robust financial health [1] 分组2 - DLocal is recognized as a compelling fintech growth story in emerging markets, facilitating local payment methods for global merchants across Latin America, Africa, and Asia [2] - The stock trades at a forward P/E of 16.6, which is a notable discount compared to many fintech peers, despite faster top-line growth [6] - Analysts have a consensus price target implying nearly 14% upside potential from its previous close, reflecting positive market sentiment [6] 分组3 - The stock has maintained key support levels near $12, suggesting accumulation rather than distribution, which is a positive technical indicator [7] - DLocal could benefit from broader themes such as dollar weakness and global diversification flows, enhancing its market position this year [7]

Core Insights - DLocal Limited (NASDAQ:DLO) is recognized as one of the best low-priced technology stocks to buy, with analysts initiating coverage and providing positive ratings and price targets [1][2]. Analyst Ratings - Itau BBA analyst William Barranjard initiated coverage of DLocal with an Outperform rating and a price target of $21 [1]. - Truist upgraded DLocal from Hold to Buy with a revised price target of $16, up from $15, indicating a renewed interest in fintech and payments for 2026 [2]. Partnership Expansion - DLocal and Yuno announced an expansion of their partnership to simplify global enterprise scaling in emerging markets, integrating DLocal's payment platform with Yuno's infrastructure [3]. - The partnership aims to streamline operations across Latin America and Africa, allowing merchants to bypass fragmented infrastructure and regulatory hurdles [3]. Successful Implementation - The first major success of the partnership is the launch of Smart Fit, a large fitness chain, into the Moroccan market, marking a significant transition from Latin America to Africa [4]. - This integrated system enables Smart Fit to process local debit and credit cards while navigating complex regulatory requirements without separate integrations [4].

Market Outlook - Markets are anticipated to experience a Santa rally, with a focus on technology, consumer discretionary, bitcoin, and gold [1] - The chip sector is highlighted as a primary driver of the AI trade, while the infrastructure sector faces challenges due to debt financing issues [1] - Predictions indicate that the long end of the bond market will see significant volatility, influenced by potential aggressive rate cuts by the Fed [1] Company Insights - DLocal Limited (NASDAQ:DLO) has a market capitalization of $4.13 billion and a share price of $14.01, with an average upside potential of 28.48% [8][9] - Analysts have initiated coverage on DLocal with positive ratings, citing a buying opportunity in fintech and payments for 2026 [10] - DLocal's partnership with Yuno aims to simplify global enterprise scaling in emerging markets, enhancing operational efficiency [11] - The successful launch of Smart Fit into the Moroccan market exemplifies the effectiveness of DLocal's payment model [12] Financial Performance - ZoomInfo Technologies Inc. (NASDAQ:GTM) has a market capitalization of $3.12 billion and a share price of $10.00, with an average upside potential of 30.20% [14] - The company reported Q3 2025 revenue of $318 million, reflecting a 5% year-over-year increase, with a net revenue retention rate of 90% [16] - ZoomInfo's shift towards the upmarket segment has been a key growth driver, with this segment now accounting for 73% of total Annual Contract Value (ACV) [16]

Group 1: Emerging Markets Overview - Emerging markets (EMs) are projected to lead global growth in 2026, with GDP growth forecasted in the range of 4% to 4.5%, driven by expanding middle classes and increasing digital adoption [2] - The rising consumer spending in emerging markets is reflected in the use of smartphones for digital payments across various sectors, including cafés, transit kiosks, and street shops [1] Group 2: Investment Opportunities - Companies in the "everyday economy" sectors such as payments, mobility, delivery, and value-oriented consumer brands are expected to benefit from the GDP growth in emerging markets [2][3] - DLocal (NASDAQ: DLO) is highlighted as a key player providing payment processing and pay-in solutions across emerging markets, enhancing consumer access and operational efficiency for businesses [3][4] - DLocal's financial metrics indicate strong revenue growth, improving profitability, and record-setting free cash flow, with expectations for continued strength into 2026 [4] Group 3: Analyst Insights - Analysts have increased coverage and price targets for DLocal, with a consensus indicating a potential upside of 15% and a high-end target suggesting up to 50% [5] - Factors contributing to the positive outlook for DLocal include a new CEO, turnaround efforts, improved financial clarity, and confidence in long-term growth, alongside upcoming catalysts such as the 2026 World Cup [5] Group 4: Other Notable Companies - Grab Holdings (NASDAQ: GRAB) is positioned as a leading "superapp" in Southeast Asia, offering ride-hailing, delivery, and fintech services, supported by its first-mover advantage and aggressive technology investments [6][8] - Arco Dorados is undergoing a digital transformation that is expected to drive growth and margin recovery [6]