BTIG raised the firm’s price target on MercadoLibre (MELI) to $2,750 from $2,500 and keeps a Buy rating on the shares. The company reported yet another strong quarter, this time highlighted by robust fintech performance as TPV – total payment volume – was well above expectations and Mercado Credito delivered on both growth and quality, the analyst tells investors in a research note.
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Read More on MELI:
- MercadoLibre price target raised to $3,100 from $2,500 at Barclays
- Mercadolibre’s Strong Financial Performance and Growth Potential Drive Buy Rating
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- MercadoLibre Reports Strong Q1 2025 Earnings Growth
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