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Why MercadoLibre Stock Rocketed Higher on Thursday

TheMotleyFool 
0 0 08.05.25
Why MercadoLibre Stock Rocketed Higher on ThursdayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Shares of (NASDAQ: MELI) charged sharply higher on Thursday, gaining as much as 10.6%. As of 2:32 p.m. ET, the stock was still up 6.7%.

The catalyst that sent the online retail and fintech specialist higher was its quarterly financial report, which far exceeded expectations.

Image source: Getty Images.

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Source Fool.com

Mercadolibre Inc Stock

€1,636.2
6.400%
A very strong showing by Mercadolibre Inc today, with an increase of €98.40 (6.400%) compared to yesterday's price.
The stock is an absolute favorite of our community with 35 Buy predictions and no Sell predictions.
With a target price of 2286 € there is a positive potential of 39.71% for Mercadolibre Inc compared to the current price of 1636.2 €.
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