Barclays analyst Deepak Mathivanan raised his price target for MercadoLibre to $730 from $615 ahead of the company's Q2 results and reiterates an Overweight rating on the shares. The company's financials are likely to see "meaningful tailwinds from easing comps in its e-commerce business and incremental consumer adoption of fintech offerings on payments over the next few quarters, Mathivanan tells investors in a research note. He expects MercadoLibre's gross merchandise volume growth to "accelerate nicely" in Q2 and "track at healthy levels" in the second half of 2019.

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.