Goldman Sachs analyst Irma Sgarz upgraded MercadoLibre to Buy saying the recent pullback in shares has provided a "compelling" entry point. The stock is down 17% since the September 22 peak of $191 despite improving fundamentals, Sgarz tells investors in a research note. The analyst views MercadoLibre as a "strong" structural growth story that offers exposure to the secular online shift of retail across Latin America. She raised her price target for the shares to $200 from $170. The online commerce platform based in Argentina closed the trading day down 40c to $157.55.

Jefferies lowered the firm's price target on MercadoLibre to $1,400 from $1,650 and keeps a Hold rating on the shares. A recent ramp in investments could pressure EBIT near-term, though continued momentum in GMV, Advertising, and Credit "would keep the long-term story alive," the analyst tells investors in a preview note for the U.S. Internet group.

DZ Bank upgraded MercadoLibre to Buy from Hold with a $1,685 price target.