BTIG raised the firm’s price target on MercadoLibre to $2,250 from $2,025 and keeps a Buy rating on the shares. Competitor results show that MercadoLibre was again a standout performer in Brazil in the second quarter across both e-commerce and fintech, the analyst tells investors in a research note. Based on the firm’s calculations, MercadoLibre’s Brazil e-commerce market share now stands at 41.1%, up 50 basis points quarter over quarter and 470 bps year over year.
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