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Stock impact report

Stifel upgrades Mercadolibre to buy as e-commerce growth in Latin America continues [CNBC]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: CNBC
Analyst Scott Devitt upgraded the stock to buy from neutral on Thursday, saying that the e-commerce gains in Latin America look likely to stick around even once the pandemic is over. The stock is a popular holding among hedge funds and growth investors. Mercadolibre reported its first-quarter results on Wednesday, showing stronger-than-expected revenue and announcing a $7.8 million purchase of bitcoin during the quarter. The company’s stock price has doubled since February 2020. Show less Read more
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