Where MercadoLibre Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analysts have provided various ratings for MercadoLibre (NASDAQ:MELI) within the last quarter, with 2 bullish, 5 somewhat bullish, and 2 indifferent. The average price target is $1666.11, implying an upside from the current price of $1228.51. This average price target has increased by 0.86% over the past month.
August 22, 2023 | 1:00 pm
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Analysts' ratings for MercadoLibre are mostly bullish, with an average price target of $1666.11, indicating a potential upside from the current price.
The majority of analysts have given MercadoLibre a bullish or somewhat bullish rating, indicating a positive outlook for the stock. The average price target is significantly higher than the current price, suggesting potential for price appreciation. This could have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100