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Fly News Breaks for December 4, 2019
MELI
Dec 4, 2019 | 08:33 EDT
Deutsche Bank analyst Kunal Madhukar raised his price target for MercadoLibre to $670 from $653 saying the company reported a strong quarter, with gross merchandise volume accelerating excluding currency and off-platform. The analyst is not surprised that the shares have rebounded from the post-Q3 report lows and thinks the underlying business model "remains robust." Madhukar reiterates a Buy 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.
