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Procyon Advisors buys $2.27M stake in MercadoLibre amid mixed analyst ratings.

Market News
23 Mar 2026
Defense World
View Source
Neutral
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Procyon Advisors LLC acquired 1,125 shares of MercadoLibre, Inc. worth about $2.27 million in Q4, joining other institutional investors increasing their holdings. MercadoLibre reported strong revenue growth of 44.6% year-over-year but missed EPS estimates, leading to mixed analyst price targets and ratings ranging from hold to buy. The stock trades around $1,635 with a market cap of $82.93 billion, and analysts expect continued earnings growth this fiscal year. This investment signals confidence in MercadoLibre's long-term prospects despite recent earnings misses.

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