BTIG analyst Marvin Fong raised his price target on MercadoLibre to $410, saying his tracked Q4 app metrics suggest that the company has increased its market share lead in mobile wallets and sustained its "strong competitive position" in Latin America payments. The analyst points to the company's Mercado Pago having maintained the largest daily active use count in both Brazil and Argentina, also adding more DAUs than its peers. Fong keeps his Buy rating on MercadoLibre, adding that the company's future is "very bright" with multiple growth catalysts likely to come.

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.