MercadoLibre shares are trading higher after JP Morgan raised its price target on the stock from $1,700 to $2,000.
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has raised its price target on MercadoLibre's stock from $1,700 to $2,000, leading to a rise in the company's shares.
August 07, 2023 | 7:19 pm
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MercadoLibre's stock is trading higher following JP Morgan's decision to raise its price target from $1,700 to $2,000.
JP Morgan's raised price target indicates a positive outlook for MercadoLibre's stock, which has led to an increase in the company's share price. This suggests that the market has confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100