JP Morgan Maintains Overweight on MercadoLibre, Raises Price Target to $2000
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Marcelo Santos maintains an Overweight rating on MercadoLibre (NASDAQ:MELI) and raises the price target from $1700 to $2000.

August 07, 2023 | 10:48 am
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JP Morgan's Overweight rating and increased price target for MercadoLibre could potentially drive the stock price up in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, JP Morgan's maintained Overweight rating and increased price target for MercadoLibre indicates a positive outlook for the company, which could potentially drive the stock price up in the short term.
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