Why DLocal Stock Topped the Market on Tuesday

Up-and-coming fintech DLocal (NASDAQ: DLO) emerged a little more on Tuesday, thanks to an analyst's price target increase. Investors seemed to agree with the move, as they bid the stock up by more than 3% on the day. It was up on a slightly down session for equities overall, as the benchmark S&P 500 index slid by 0.1%. Well before market open, Citigroup's Amon Shirazy upped his fair value assessment on DLocal. His new price target is an even $17 per share, up 16% from his previous level of $14.60. In making the change, Shirazy maintained his buy recommendation on the specialty finance sector stock. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool