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up 85.78 %

MERCADOLIBRE INC (MELI) upgraded to Buy with price target $75 by MKM Partners

Posted on: Tuesday,  Nov 16, 2010  11:25 AM ET by MKM Partners

MKM Partners rated Buy MERCADOLIBRE INC (NASDAQ: MELI) on 11/16/2010, when the stock price was $60.27. Since
then, MERCADOLIBRE INC has gained 85.78% as of 01/04/2016's recent price of $111.97.
If you would have followed this MKM Partners's recommendation on MELI, you would have gained 85.78% of your investment in 1875 days.

MercadoLibre, Inc. hosts an online platform in Latin America, called MercadoLibre and located at The Company has e-commerce operations in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela. In addition, it also operates online trading platforms in Costa Rica, the Dominican Republic and Panama. MercadoLibre has two principal services: The MercadoLibre marketplace and The MercadoPago online payments solution. The MercadoLibre marketplace is a fully automated, topically arranged online trading service. The MercadoPago online payments solution is an integrated online payments solution. During the year ended December 31, 2008, visitors to its Website were able to browse an average of over 2.5 million total listings on any given day in over 2,000 different product categories. At December 31, 2008, the Company had over 33.7 million confirmed registered MercadoLibre users.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/16/2010 11:25 AM Buy
60.27 75.00
as of 12/31/2010
1 Week up  1.58 %
1 Month up  11.55 %
3 Months up  17.75 %
1 YTD up  17.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/19/2010 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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