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Shopify Sinks 7%, Etsy Drops 6%: Is This an E-Commerce Selloff or Just Two Names?
24/7 Wall St.11d agobearish
Shopify Sinks 7%, Etsy Drops 6%: Is This an E-Commerce Selloff or Just Two Names?

Two of the biggest names in U.S. e-commerce platforms are sliding sharply midday Tuesday, while the sector’s broader basket and Latin America’s largest online marketplace hold up far better. The gap between them is doing most of the talking. It also frames the day’s central question of whether this is a category selloff or a […]

JPMorgan Cuts MercadoLibre (MELI) Price Target after Earnings, Sees Margin Pressure Ahead
Insider Monkey113d agobearish
JPMorgan Cuts MercadoLibre (MELI) Price Target after Earnings, Sees Margin Pressure Ahead

MercadoLibre, Inc. (NASDAQ:MELI) is included among the 10 Best Reddit Stocks to Buy According to Billionaires. On May 13, JPMorgan lowered its price recommendation on MercadoLibre, Inc. (NASDAQ:MELI) to $1,900 from $2,100. It reiterated a Neutral rating on the shares. The firm updated its model after earnings and said the competitive cycle would likely continue to […]

BTIG Cuts Target on MercadoLibre, Inc. (MELI) as Margins Reset Near 7%
Insider Monkey126d agobearish
BTIG Cuts Target on MercadoLibre, Inc. (MELI) as Margins Reset Near 7%

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 […]

Raymond James Cuts MercadoLibre (MELI) Price Target, Stays Bullish
Insider Monkey127d agobearish
Raymond James Cuts MercadoLibre (MELI) Price Target, Stays Bullish

MercadoLibre, Inc. (NASDAQ:MELI) is one of the 10 Best Aggressive Growth Stocks to Buy According to Wall Street Analysts. On May 8, Raymond James reduced its price target on MercadoLibre, Inc. (NASDAQ:MELI) from $2,250 to $2,000 while keeping a Strong Buy rating on the stock. The research firm said the lower price target is based […]