Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why MercadoLibre Stock Just Popped 5%

TheMotleyFool

0 0

Shares of MercadoLibre (NASDAQ: MELI), the online retailer sometimes called the Argentine eBay, are soaring in Monday trading, up 4.7% as of 12:50 p.m. EDT.

Two analyst notes -- one sort of positive and the other even better -- appear to be fueling enthusiasm for the shares. First, Jefferies this morning raised its price target on MercadoLibre stock from $800 a share to $990. That sounds pretty good, except for the fact that MercadoLibre already costs more than $1,010 a share, reports StreetInsider.com.

Image source: Getty Images.

Source Fool.com

Like: 0

MELI

Share