MercadoLibre shares are trading higher after New Street Research upgraded the stock from Neutral to Buy and announced a $1650 price target.
Portfolio Pulse from Benzinga Newsdesk
New Street Research has upgraded MercadoLibre's stock from Neutral to Buy and set a price target of $1650. This has resulted in MercadoLibre shares trading higher.
September 01, 2023 | 1:26 pm
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POSITIVE IMPACT
MercadoLibre's stock has been upgraded by New Street Research from Neutral to Buy, with a new price target of $1650. This has led to an increase in the trading price of the shares.
The upgrade from New Street Research is a positive signal for investors, indicating increased confidence in the company's performance. The new price target of $1650 also suggests a significant upside potential, which is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100