Amazon Web Services selected by MercadoLibre as primary cloud provider » 05:2311/2411/24/20
Amazon Web Services,or…
Amazon Web Services,or AWS, an Amazon (AMZN) company, announced that Mercado Libre (MELI), headquartered in Argentina and Brazil, has selected AWS as its primary cloud provider. Mercado Libre is the largest online commerce and payments provider in Latin America and connects businesses across 18 countries with more than 76M active users. During the COVID-19 pandemic, Mercado Libre leveraged AWS to extend its services to more small and medium businesses in Latin America, giving them access to online payments and contactless store payment technology. Mercado Libre selected AWS to support the development of a common platform to gain insights from more than 20 years of data gathered from its marketplace, digital payments, logistics, advertising and software services divisions. Mercado Libre is building MeliLake, a data lake built on Amazon Simple Storage Service, or Amazon S3, to ingest data from sales, payments, fulfillment and shipping transactions and make it available for analysis by teams throughout the company. MeliLake leverages Amazon EMR to facilitate the processing and analysis of more than 25 terabytes of transaction data each day. The company also leverages tools from AWS partners Tableau and MicroStrategy to automatically tag, search, share, transform, and analyze that data. Mercado Libre employees can now discover and query datasets and uncover customer purchase patterns or types of payments, helping to improve operational efficiency and drive the development of new customer experiences. In addition, Mercado Libre applies AWS machine learning services to enhance security across its divisions and deliver a better customer experience. The fraud detection team for Mercado Pago leverages Amazon Rekognition as part of its identity verification process for consumers seeking to buy through Mercado Libre, helping to minimize any type of fraud. To rapidly adapt its content to a multicultural region where most customers speak Portuguese or Spanish, Mercado Libre uses Amazon Translate to automatically translate product titles and descriptions when vendors from other countries upload their catalogs.
|Over a week ago|
MercadoLibre price target raised to $1,640 from $1,370 at JPMorgan » 08:3311/0911/09/20
JPMorgan analyst Marcelo…
JPMorgan analyst Marcelo Santos raised the firm's price target on MercadoLibre to $1,640 from $1,370 and reiterates an Overweight rating on the shares. The analyst sees the company as well positioned to capture structural trends in both e-commerce and fintech in Latin America, accelerated by COVID-19.
MercadoLibre price target raised to $1,550 from $1,260 at BTIG » 08:2911/0511/05/20
BTIG analyst Marvin Fong…
BTIG analyst Marvin Fong raised the firm's price target on MercadoLibre to $1,550 from $1,260 and keeps a Buy rating on the shares. The analyst notes that the company's "resurgent" gross merchandise volume in Brazil and acceleration in fintech helped MercadoLibre deliver "another quarter of blistering growth". Fong adds that the overall GMV of $5.9B represents "tangible proof" that the company's strategic initiatives are "bending the growth curve".
MercadoLibre price target raised to $1,555 from $1,450 at Credit Suisse » 07:2211/0511/05/20
Credit Suisse analyst…
Credit Suisse analyst Stephen Ju raised the firm's price target on MercadoLibre to $1,555 from $1,450 and keeps an Outperform rating on the shares following quarterly results. The analyst notes that its managed logistics network helped MercadoLibre offset the impact of a six-week strike - all things being equal, this does potentially point to gross merchandise volume growth acceleration in Brazil as the company's product driven strategy based on take rate rationalization, faster/cheaper delivery, and 1P ramp all come together to help reclaim some of the lost share in e-commerce.
MercadoLibre price target raised to $1,530 from $1,500 at Deutsche Bank » 07:0811/0511/05/20
Deutsche Bank analyst…
Deutsche Bank analyst Kunal Madhukar raised the firm's price target on MercadoLibre to $1,530 from $1,500 and keeps a Buy rating on the shares following the company's Q3 results. Growth accelerated for MercadoLibre across the board with the company benefiting from elevated e-commerce demand despite gradual reopening of physical retail, and accelerating demand for fintech services as the region starts to open up after the pandemic, Madhukar tells investors in a research note. The analyst remains bullish on the shares.
MercadoLibre price target raised to $1,460 from $1,350 at Barclays » 06:1811/0511/05/20
Barclays analyst Deepak…
Barclays analyst Deepak Mathivanan raised the firm's price target on MercadoLibre to $1,460 from $1,350 and keeps an Overweight rating on the shares following the company's "strong" Q3 results. MercadoLibre's execution is "nothing short of remarkable," Mathivanan tells investors in a research note. The analyst believes the company is well positioned to sustain "strong momentum" and gain market share in Latin America e-commerce during Q4.
Fly Intel: After-Hours Movers » 19:1811/0411/04/20
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MercadoLibre reports Q3 EPS 28c, consensus 17c » 16:0511/0411/04/20
Reports Q3 revenue…
Reports Q3 revenue $1.12B, consensus $972.31M.
MercadoLibre price target lowered to $1,450 from $1,484 at Credit Suisse » 07:4311/0311/03/20
Credit Suisse analyst…
Credit Suisse analyst Stephen Ju lowered the firm's price target on MercadoLibre to $1,450 from $1,484 and keeps an Outperform rating on the shares ahead of quarterly results. The analyst believes accelerated gross merchandise value growth trends have persisted throughout Q3, as he once again raises his FX-neutral growth expectation by 13%. As he looks toward 2021, Ju expects MercadoLibre, along with every other e-commerce operator, to see tougher comparisons next year.
|Over a month ago|
MercadoLibre price target raised to $1,500 from $1,330 at Deutsche Bank » 06:4710/2710/27/20
Deutsche Bank analyst…
Deutsche Bank analyst Kunal Madhukar raised the firm's price target on MercadoLibre to $1,500 from $1,330 and keeps a Buy rating on the shares ahead of the company's quarterly results. The longer the lockdowns and restrictions last, the more ingrained shopping online could become, Madhukar tells investors in a research note.