MercadoLibre (MELI) shares gain 3.7%, market value up $3.4B—even as the new target signals 4% more upside
MercadoLibre, Inc. rose 3.7% to $1,874.19 in late Friday trading, pushing its market cap up by around $3.4 billion to about $95 billion. The price was quoted at 2:54 p.m. EDT as the Nasdaq stayed open.