Jefferies analyst John Colantuoni lowered the firm’s price target on MercadoLibre to $1,350 from $1,450 and keeps a Hold rating on the shares. The firm expects “a solid quarter” as GMV benefits from disruption at Americanas, while Advertising growth should support EBITDA despite expansion of lower-margin credit cards and first-party inventory, the analyst tells investors in a preview note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MELI:
- MercadoLibre price target lowered to $1,550 from $1,625 at Barclays
- 5 Top Growth Stocks to Buy Now, According to Analysts – October 2023
- MercadoLibre Announces Convertible Note Redemption
- MercadoLibre price target raised to $1,625 from $1,500 at Susquehanna
- 5 Top Growth Stocks to Buy Now, According to Analysts – September 2023