MercadoLibre price target raised to $1,475 from $1,250 at Barclays

Barclays raised the firm’s price target on MercadoLibre to $1,475 from $1,250 and keeps an Overweight rating on the shares. The company "continues to shine," as gross merchandise volume grew 30% excluding currency in 2022. With market share up for grabs in Brazil, MercadoLibre’s growth will likely remain robust, the analyst tells investors in a research note.