MercadoLibre price target raised to $2,100 from $2,000 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on MercadoLibre to $2,100 from $2,000 and keeps an Overweight rating on the shares post “strong” Q2 report. The firm increased fiscal 2024 revenue and EBITDA estimates 5% and 6%, respectively. The company’s long-term view “remains bright,” the analyst tells investors in a research note.