Susquehanna Said MercadoLibre (MELI) Is Undervalued
More News related to MELI
- Morning Movers 11/05: ROYL, RX, FSYS, KAI, SANM Higher; SMSI, CVS, MBRK, INOD, PL, ARO Lower
- After-Hours Movers 11/04: RSOL, SANM, PARL, VLNC, GIVN, CECO Higher; SMSI, AUTH, WFMI, ANDE Lower
- Mercadolibre (MELI) Posts Q3 EPS of $0.22, Tops by 5c
- MercadoLibre, Inc. Reports Financial Results for Third Quarter 2009
- Trading Radar for 11/04: Cisco (CSCO), Comcast (CMCSA), Tyco (TEL), Molson Coors (TAP) Report
More News related to Analyst Comments
- Canaccord Adams Maintains 'Buy' on ICF International (ICFI); Raises PT
- Canaccord Adams Maintains a 'Buy' on Fuel Systems Solutions (FSYS); Raises PT & Estimates
- Canaccord Adams Reiterates a 'Buy' on EnerNOC (ENOC); Raises PT & Estimates
- Canaccord Adams Maintains a 'Buy' on Obagi Medical Products (OMPI); Raises PT
- Canaccord Adams Reiterates a 'Buy' on HeartWare International (HTWR); Raises PT & Estimates
Susquehanna comments on MercadoLibre, Inc. (Nasdaq: MELI), reiterating their Positive rating and $29 price target. The firm said a sum of parts valuation discounts Venezuelan risk and shows upside potential.
The firm said, "Assuming zero value for Venezuela, MELI trades at an EV/EBITDA multiple of 17x 2010E - below the Chinese Internet universe near 18x and well below the 20x-25x multiples earned by Chinese Internet names with comparable 30%+ growth rates to Mercado's."
Related Categories
Analyst CommentsStocks Mentioned
+0.92Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
