DLocal Limited (NASDAQ: DLO) had spent much of the past year flying under the radar. Despite strong fundamentals, the payments technology company traded with little fanfare, hovering near flat year-to-date before its latest earnings. Many investors had possibly relegated it to the misunderstood category. It was seen as a stock with value-like metrics, but no clear catalyst or momentum existed.
That changed dramatically following its most recent earnings release, with shares exploding more than 43% in the past week. With growth now accelerating and sentiment shifting, the question is whether the market is finally waking up to this payments giant’s potential.
