The Latest Analyst Ratings for MercadoLibre
Portfolio Pulse from Benzinga Insights
Analysts have provided various ratings for MercadoLibre (NASDAQ:MELI) within the last quarter, with a majority leaning towards bullish. According to 9 analysts offering 12-month price targets in the last 3 months, MercadoLibre has an average price target of $1595.56, which has increased by 2.65% over the past month.
July 10, 2023 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analysts are mostly bullish on MercadoLibre (MELI), with an average price target of $1595.56, indicating potential upside. The average price target has increased by 2.65% over the past month.
The majority of analysts have given MercadoLibre a bullish rating, indicating a positive outlook for the stock. The average price target provided by these analysts suggests potential upside for the stock, which could lead to an increase in its price in the short term. The increase in the average price target over the past month also suggests growing optimism among analysts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100