MercadoLibre, Inc. (NASDAQ:MELI) is among the stocks with the best earnings growth for the next 10 years.
On May 10, BTIG trimmed the price target on MercadoLibre, Inc. (NASDAQ:MELI) to $2,150 from $2,400 and reiterated a Buy rating after the first-quarter results
In a research note, the analyst said that the company surprised investors by revising its operating margins to approximately the 7% level seen in Q1. However, the firm expects the company’s investments will build a “bigger and even more dominant” platform in the long run. Two days earlier, Benchmark lowered the price target on MercadoLibre, Inc. (NASDAQ:MELI) from $2,780 to $2,380 to better reflect flexible margin trends.
The firm cited robust engagement, enhanced user growth, and ecosystem expansion as factors that helped keep asset quality stable. Investment intensity is expected to stay high in the near term, Benchmark noted. The firm has an unchanged Buy rating on the stock.