Form 8-K MERCADOLIBRE INC For: Feb 22
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MercadoLibre (MELI) PT Lowered to $1,400 at Stifel
February 23, 2022 6:28 AM ESTStifel analyst Scott Devitt lowered the price target on MercadoLibre (NASDAQ: MELI) to $1,400.00 (from $1,600.00) while maintaining a Buy rating following results.
The analyst commented, "Against another difficult prior year compare, MercadoLibre delivered revenue and TPV results that exceeded expectations (GMV in... More
MercadoLibre (MELI) Shares Rose 9% Following Q4 Beat
February 22, 2022 5:09 PM ESTMercadoLibre (NASDAQ: MELI) shares rose more than 9% higher after-hours following the companys Q4 results, with EPS coming in at $1.67, beating the consensus estimate of $0.95.
Revenue increased 60.5% year-over-year to $2.1 billion, compared to the consensus estimate of $2.02 billion. Commerce and Fintech revenues grew 55.6% and 70.1% year-over-year to $1,357.8... More
