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Fly News Breaks for February 11, 2020
MELI
Feb 11, 2020 | 05:04 EDT
MercadoLibre continues to balance investing in growth versus improving profitability, Piper Sandler analyst Michael Olson tells investors in a research note post the company's Q4 results. In the coming quarters, says the analyst, investors will be receptive to a scenario where sales trends remain solid and operating loss becomes less negative. He maintains an Overweight rating on MercadoLibre shares with a $760 price target.
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.
MELI
Apr 24, 2024 | 07:21 EDT
MELI
Apr 23, 2024 | 09:26 EDT
DZ Bank upgraded MercadoLibre to Buy from Hold with a $1,685 price target.
