On Friday, dLocal got an upgrade for its IBD SmartSelect Composite Rating from 93 to 97.
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The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
dLocal is currently extended beyond a proper buy zone after clearing the 11.99 entry in a cup with handle.
The stock has a 91 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 91% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q2, the company posted -7% earnings-per-share growth. Revenue growth climbed 50%, up from 18% in the prior quarter. That marks two quarters of increasing revenue gains.
dLocal holds the No. 1 rank among its peers in the Finance-Card/Payment Processing industry group. StoneCo Cl A and Paymentus Holdings are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
