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Fly News Breaks for May 3, 2019
MELI
May 3, 2019 | 05:25 EDT
Piper Jaffray analyst Michael Olson raised his price target for MercadoLibre to $584 from $504 saying the company reported "strong" revenue on better profitability in Q1. The company continues to balance investing in growth versus improving profitability, Olson tells investors in a post-earnings research note. He maintains an Overweight rating on MercadoLibre.
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.
