MercadoLibre stock rises after JP Morgan upgrade [MarketWatch]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: MarketWatch
MercadoLibre stock rises after JP Morgan upgrade JP Morgan analyst Andre Baggio upgraded MercadoLibre Inc. shares MELI, +2.14% to overweight from neutral on Tuesday, following the Latin American e-commerce stock's nearly 10% decline in Monday's session amid concerns about Venezuela's political stability. MercadoLibre "has shown impressive resilience despite macro slowdown," Baggio wrote. "Our conclusion is that secular shift to e-commerce trumps economic worries and MercadoLibre growth should remain healthy." He's encouraged by growth trends in the company's home country of Brazil as well as its traction with financial technology products. Shares are up 2.6% in premarket trading, and they've gained 113% so far this year. The S&P 500 SPX, +0.48% is up 15% in that time.
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MELI
News
- MercadoLibre (MELI) to Report Q1 Results: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at Wedbush from $2,000.00 to $1,800.00. They now have an "outperform" rating on the stock.MarketBeat
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [Yahoo! Finance]Yahoo! Finance
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [BNN Bloomberg (Canada)]BNN Bloomberg
- MercadoLibre, Inc. (NASDAQ: MELI) was upgraded by analysts at DZ Bank AG from a "hold" rating to a "buy" rating. They now have a $1,685.00 price target on the stock.MarketBeat
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/23/24 - Form 8-K
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- MELI's page on the SEC website