Reported 1 day ago
Benchmark analyst Fawne Jiang has maintained a Buy rating for MercadoLibre, Inc. (NASDAQ:MELI), setting a price target of $2,875. This decision follows MercadoLibre’s recent move to lower the free shipping threshold in Brazil, attracting investor attention due to its strategic and financial implications. Although this may increase near-term costs, Benchmark believes that the overall growth of the online shopping market in Latin America will benefit MercadoLibre in the long term.
Source: YAHOO