DLO US (Neutral, TP: $18.0, -1%) dLocal - Sequential slowdown, Pedro's spending in focus: Q3 outlook
After a very strong set of Q2s, driven largely by volumes in Brazil, Q3 will likely reflect the prior quarter reflecting some pull forward in volumes, and more broadly remind investors that low market share processors can be quite lumpy at the TPV level. Equally of significance, investors will be keen to hear more from new co-CEO Pedro Arnt and gain a sense on the quantum of additional investment.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.