Key Takeaways Cipher Digital posted a Q4 loss of $1.92 per share as revenues fell 16.7% sequentially to $59.7M.CIFR's operating loss widened to $300.6M due to warrant liability changes and mining wind-down costs.Cipher Digital secured 600 MW in HPC leases, exiting mining assets and decommissioning Black Pearl.Cipher Digital (CIFR) reported a fourth-quarter 2025 loss of $1.92 per share, significantly wider than the 12-cent loss projected by the Zacks Consensus Estimate.Cipher Digital reported a GAAP loss of ...

Marqeta (MQ) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to a loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this transaction processing services provider would post a loss of $0.01 per share when it actually produced a loss of $0.01, delivering no surprise.Over the last four quarters, the com ...

SAN FRANCISCO, Feb. 24, 2026 /PRNewswire/ -- Stable Sea today announced a strategic partnership with dLocal (NASDAQ: DLO), the leading cross-border payment platform connecting global merchants to emerging markets to enable low-cost, high-speed B2B stablecoin-powered international payments for businesses operating across emerging and developed markets. By leveraging dLocal's local payment rails across more than 40 countries, the partnership expands Stable Sea Business's global payout and settlement capabilit ...

Group 1 - The financial sector has identified oversold stocks, presenting an opportunity to invest in undervalued companies [1] - Dlocal Ltd (NASDAQ:DLO) is highlighted as an oversold stock with an RSI value of 29.5, indicating potential for recovery [2] - Dlocal's stock price has decreased approximately 10% over the past five days, reaching a 52-week low of $7.61 [2] Group 2 - Dlocal's shares closed at $11.85 after a 1% decline on Tuesday [2] - The company is set to release its fourth fiscal quarter financial results on March 18, after market close [2] - Dlocal has an Edge Stock Rating with a momentum score of 13.12 and a value score of 54.30 [2]

Core Insights - DLocal Limited (NASDAQ:DLO) has shown strong operational momentum with record performance in Total Payment Volume and gross profit, indicating robust demand for its cross-border payments infrastructure despite challenges in certain markets [3][4] - JPMorgan has lowered its price target for DLocal to $18 from $18.50 while maintaining an Overweight rating, anticipating solid quarterly results but noting that tougher year-over-year comparisons may limit upside surprises in payment volumes [2] - The company is focused on product expansion, with its Buy Now, Pay Later Fuse now operational in six countries and supporting 27 local payment methods across 16 countries [3] Company Overview - Founded in 2016 and headquartered in Montevideo, Uruguay, DLocal Limited specializes in enabling global merchants to operate seamlessly in emerging markets [4] - Despite regional volatility, DLocal's expanding payment capabilities and geographic reach position it as a key infrastructure provider in cross-border commerce [4]

Core Thesis - PayPal Holdings, Inc. is viewed as a compelling investment opportunity due to its strategic pivot under CEO Alex Chriss and significant market mispricing relative to intrinsic value, currently trading at a 29% discount to its DCF-based fair value [2] Growth Initiatives - Key growth initiatives include Fastlane by PayPal for one-click guest checkout, unbranded processing via Braintree for high-volume clients, monetization of Venmo through various integrations, and expansion into small and medium businesses with PayPal Open [3] - The DCF model assumes conservative explicit growth of 6–4% over ten years, with PayPal having never experienced revenue decline in the past decade [3] Financial Projections - Long-term growth is projected at 2.6%, with a WACC of 9.4%, a 10x EBITDA exit multiple, a 21% tax rate, and reinvestment based on a 1.1 Sales-to-Capital ratio [4] - The bull case emphasizes strong free cash flow, self-correcting valuation, underappreciated margin recovery, and improved user experience from platform simplification [4] Market Positioning - Despite slower growth, the market has over-discounted risk, creating a favorable entry point for investors [5] - PayPal's combination of discounted valuation, strategic initiatives, and resilient financial profile supports maintaining a modest position of 2–3% of a diversified portfolio [5] Historical Context - The stock price has depreciated by approximately 18.45% since previous coverage due to market concerns over slower margin expansion, but the current analysis emphasizes DCF-based upside and the importance of buybacks and margin normalization [6]

Group 1 - DLocal Limited (NASDAQ:DLO) is recognized as one of the best performing new tech stocks, with Truist raising its price target to $17 from $16 while maintaining a Buy rating ahead of the Q4 2025 earnings report [1] - Truist anticipates solid performance for DLocal in Q4 2025, but notes that challenging year-over-year comparisons may hinder significant volume exceedance [1] - Itau BBA analyst William Barranjard initiated coverage of DLocal with an Outperform rating and set a price target of $21 [3] Group 2 - Truist expresses general optimism about the FinTech sector's trajectory through 2026, suggesting that management teams may provide more conservative guidance to reset expectations [2] - DLocal operates a global payment processing platform, offering a robust pay-in solution for businesses to receive payments through various methods [4]

Core Viewpoint - The launch of the Global X Tokenization Ecosystem Index ETF (TOKN) aims to provide investors with exposure to companies involved in the development and adoption of tokenized financial infrastructure, reflecting a significant shift in financial technology towards tokenization and stablecoins [1][4]. Group 1: Tokenization Ecosystem - Tokenization represents real-world assets, rights, or data as digital tokens on blockchain networks, applicable across various sectors including financial instruments [2]. - The tokenization ecosystem includes financial institutions and technology companies that facilitate the adoption of tokens and stablecoins, driven by demand for faster settlement and greater transparency [3]. - Tokenized assets and stablecoins currently represent hundreds of billions of dollars in market value, indicating a foundational shift in global financial infrastructure [3]. Group 2: ETF Details - TOKN seeks to replicate the performance of an index focused on companies deriving economic benefits from the tokenized asset market, including stablecoin issuers and infrastructure providers [5]. - The ETF trades on the Toronto Stock Exchange under the ticker symbol TOKN, with a management fee of 0.49% [6]. - Eligible securities within the index are categorized into four themes: Token Distributors, Asset Tokenizers, Stablecoin Issuers, and Infrastructure providers, ensuring comprehensive exposure to the tokenization market [6]. Group 3: Market Applications - The tokenization of U.S. Treasury securities exemplifies practical applications of tokenization, with nearly US$10 billion issued on-chain, highlighting significant growth potential in tokenized fixed-income assets [8]. - The early adoption of tokenized U.S. Treasuries indicates the technology's relevance beyond cryptocurrencies, suggesting a lasting impact on the future of finance [9]. Group 4: Company Overview - Global X Investments Canada Inc. manages over $48 billion in assets and offers a diverse range of ETFs, positioning itself as a key player in the Canadian financial services market [10]. - As a subsidiary of Mirae Asset Financial Group, Global X benefits from a global asset management network exceeding $1 trillion [10].

Pomelo, the Argentina-headquartered payments infrastructure firm, has secured $55m in a Series C funding round. The round was co-led by Kaszek and Insight Partners. Additional backing came from existing and new investors including Index Ventures, Adams Street Partners, S32, Endeavor Catalyst, Monashees and TQ Ventures. The latest round brings the company’s total capital raised so far to $160m. Pomelo will use the new capital to move beyond its core focus on card issuing, further develop issuing and cr ...

Core Thesis - DLocal Limited is viewed positively due to its strong positioning in the payments infrastructure sector for emerging markets, with a current share price of $14.52 and P/E ratios of 25.93 (trailing) and 17.27 (forward) [1][2] Company Overview - DLocal operates a mission-critical payments platform that allows global merchants to transact seamlessly with consumers across over 40 countries, simplifying payment systems and regulatory complexities [2] - The company's "One dLocal" model creates a competitive advantage based on local expertise rather than solely on technology [2] Financial Performance - DLocal has a capital-light and highly profitable business model, achieving a 21.4% EBIT margin on $863.5 million in revenue [3] - The company is monitoring client concentration, with a shift in merchant composition as new enterprise clients are added [3] Valuation Analysis - A 10-year DCF analysis estimates an intrinsic value of $22.49 per share, indicating a 40.5% margin of safety compared to the current price of $13.38 [4] - The model anticipates a 21% revenue CAGR over the next decade, with growth expected to moderate from 37% in FY2025 to 6.5% by Year 10, and EBIT margins stabilizing between 19% and 21% [4] Assumptions and Valuation Metrics - Conservative assumptions include a 20% normalized tax rate, a 1.5% capex-to-revenue ratio, and a WACC of 9.73% [5] - The enterprise value is approximately $6.1 billion, with an equity value of around $6.6 billion, providing a solid valuation base not reliant on aggressive growth [5] Market Outlook - In a bear scenario, the share price is projected at $16.4, indicating limited downside, while the bull case suggests a price of $29.5, presenting significant upside potential [6] - The current market pricing implies a perpetual decline in free cash flow, which is considered an unrealistic assumption for a high-return platform in expanding digital economies [6] Historical Context - The stock has appreciated about 49.07% since a previous bullish thesis in March 2025, which highlighted DLocal's strong positioning in emerging-market payments [7] - The current analysis aligns with previous positive views, emphasizing a detailed DCF-based valuation approach and margin of safety [7]