BTIG analyst Marvin Fong raised the firm’s price target on MercadoLibre (MELI) to $2,500 from $2,200 and keeps a Buy rating on the shares. The company posted “strong” Q4 results, with 32% GMV growth in Brazil being among the “highlights” for the quarter, the analyst tells investors in a research note.
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Read More on MELI:
- MercadoLibre price target raised to $2,760 from $2,350 at Susquehanna
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- MercadoLibre price target raised to $2,500 from $2,200 at Barclays
- MercadoLibre Reports Strong Growth in Q4 2024
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