Susquehanna raised the firm’s price target on MercadoLibre to $2,300 from $2,000 and keeps a Positive rating on the shares. The firm said the July FIDC data implies credit book expansion of 4.2% month over month, a strong acceleration over Q2’s average monthyl change. Combining this with management’s recent commentary about the prioritization of credit card ssuance,the firm believes Q3’s setup could be more credit heavy.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MELI:
- Wedbush more positive on MercadoLibre, Meta, Shopify after Q2 results
- MercadoLibre price target raised to $2,200 from $2,000 at Citi
- MercadoLibre price target raised to $2,250 from $2,000 at BofA
- MercadoLibre price target raised to $2,100 from $2,000 at Barclays
- MercadoLibre price target raised to $2,175 from $2,065 at Morgan Stanley