dLocal Ltd.
Thesis
The team of Bennett Lee, Srivats Mohan, Aaron Samuels, and Oliver Suffern won the 2025 Booth MBA Stock challenge with a pitch for dLocal, indicating a strong belief in its growth potential.
Did it work?
worked
confidence: high
The long thesis on dLocal has clearly played out: the stock returned +72.8% over the 16 months since the pitch, a substantial gain that strongly validates the team's belief in the company's growth potential. The positive price direction aligns directly with the long positioning, and the magnitude of the return over a relatively short period indicates the thesis was decisively confirmed rather than merely trending favorably.