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Fly News Breaks for February 7, 2020
MELI
Feb 7, 2020 | 06:48 EDT
Credit Suisse analyst Stephen Ju raised his price target for MercadoLibre to $750 from $680 ahead of the company's Q4 earnings report, which is scheduled for February 10. While he had conservatively assumed elevated marketing spend around both Marketplaces as well as MercadoPago to persist, Ju tells investors in a research note that the company is moving past the period of peak intensity in 2H19. The analyst maintains an Outperform rating on the shares.
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.
