Information Provided By: 
Fly News Breaks for February 11, 2020
MELI
Feb 11, 2020 | 07:10 EDT
Credit Suisse analyst Stephen Ju raised his price target for MercadoLibre to $760 from $750 following quarterly results. The analyst notes that Gross Merchandise Value and Total Payment Volume both exceeded his estimates, with Pago once again the highlight as off-platform TPV grew about 176% on an FXN basis. Ju 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.
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.
