Stocks expected to have increasing option volume: MELI RXT LOW JMIA PANW TOL

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MercadoLibre (MELI) PT Lowered to $1,400 at Stifel

February 23, 2022 6:28 AM EST

Stifel 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