New Street Research Upgrades MercadoLibre to Buy, Announces $1650 Price Target
Portfolio Pulse from Benzinga Newsdesk
New Street Research analyst Soomit Datta has upgraded MercadoLibre (NASDAQ:MELI) from Neutral to Buy and announced a price target of $1650.
September 01, 2023 | 9:17 am
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MercadoLibre's stock has been upgraded to Buy from Neutral by New Street Research, with a price target of $1650.
The upgrade from Neutral to Buy indicates a positive outlook for MercadoLibre's stock. The price target of $1650 suggests a significant upside potential. This could lead to increased buying interest in the stock, potentially driving the price up in the short term.
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