MercadoLibre: Earnings Jump by 288% – Analysts Raise Price Target

• Strong quarterly results:  MercadoLibre reports a diluted earnings per share of $12.61, exceeding expectations by 59% and increasing revenue by 37%.  • Price drop as a buying opportunity: Despite the positive report, the stock fell due to market correction – Jefferies raises the price target to $2,450 .  MercadoLibre (NASDAQ: MELI), the leading e-commerce and fintech company in Latin America, significantly exceeded expectations with its quarterly report on February 20. Diluted earnings per share jumped to $12.61, far above the...