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Benchmark analyst Fawne Jiang maintains MercadoLibre (NASDAQ:MELI) with a Buy and lowers the price target from $2780 to $2380.
BTIG analyst Marvin Fong maintains MercadoLibre (NASDAQ:MELI) with a Buy and lowers the price target from $2400 to $2150.
Nasdaq jumps 1.6% to record highs Friday as semiconductor rally and stronger-than-expected April payrolls overshadow ongoing Strait of Hormuz tensions.
Mercado Libre shares dropped more than 5% after hours following mixed first-quarter results that paired strong revenue growth with an EPS miss.
Scotiabank analyst Hector Maya maintains MercadoLibre (NASDAQ:MELI) with a Sector Outperform and lowers the price target from $3500 to $2800.
Wall Street analysts changed outlook on top names. See all rating changes on analyst ratings page. PRPL, OPK, BF.B, MELI, RPD stocks downgraded.
UBS analyst Kaio Prato downgrades MercadoLibre (NASDAQ:MELI) from Buy to Neutral and lowers the price target from $2700 to $2050.