Citigroup Maintains Buy on MercadoLibre, Raises Price Target to $1500
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Joao Pedro Soares maintains a Buy rating on MercadoLibre (NASDAQ:MELI) and raises the price target from $1460 to $1500.
June 08, 2023 | 3:48 pm
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POSITIVE IMPACT
Citigroup maintains a Buy rating on MercadoLibre and raises the price target from $1460 to $1500.
The news of Citigroup maintaining a Buy rating and raising the price target for MercadoLibre (MELI) is positive for the stock. This indicates that the analyst believes the stock has potential for further growth and is likely to perform well in the short term. As a result, the stock price is expected to go up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100