Trevor Young, analyst at Barclays, reiterates coverage on Mercadolibre (MELI) in the Technology sector with a Buy rating. TipRanks.com has Young rated as a 1 star analyst with a -3.00% return on investment and a 40% success rate. Young has set a price target of $2,100.00 .
TipRanks.com reports that MELI currently has 8 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $1,911.25 . The target pricing ranges from a high forecast of $2,260.00 down to a low forecast of $930.00 .
MELI’s last closing price was $1,759.82 which would put the average price target at 8.60% upside.
In addition, TradingView issued a Strong Buy rating for MELI over the next month.
Remember, securities are volatile, so please do your own research on MELI.
Other analysts covering MELI include:
- Marvin Fong of BTIG issued a buy rate with the price target of $930 on August 4th
- Scott Devitt of Stifel Nicolaus issued a buy rate with the price target of $1900 on August 4th
- Stephen Ju of Credit Suisse issued a buy rate with the price target of $2050 on August 2nd
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