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Fly News Breaks for July 13, 2017
MELI
Jul 13, 2017 | 06:10 EDT
Piper Jaffray analyst Michael Olson believes consensus margin assumptions for MercadoLibre are "overly optimistic" based on the impact of free shipping in Brazil. The analyst lowered his 2017 earnings estimates for the company but keeps an Overweight rating on the shares with a $287 price target. Free shipping is driving unit growth likely above expectations, but the cost of subsidizing the service may not be fully offset by revenue upside in the near-term, Olson tells investors in a research note.
News For MELI From the Last 2 Days
MELI
Apr 24, 2024 | 08:03 EDT
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.
