DLocal Limited (DLO): A Bull Case Theory

We came across a bullish thesis on DLocal Limited (DLO) on Substack by Steve Wagner. In this article, we will summarize the bulls’ thesis on DLO. DLocal Limited (DLO)'s share was trading at $11.77 as of May 16^th. DLO’s trailing and forward P/E were 24.51 and 20.96 respectively according to Yahoo Finance.

[caption id="attachment_1212209" align="aligncenter" width="768"] A customer making a purchase at a modern retail store terminal, showing the ubiquity of the company’s payment solutions.[/caption]

dLocal (DLO) began 2025 with record-breaking results, affirming its position as...