Wedbush Reiterates Outperform on MercadoLibre, Maintains $1500 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt has reiterated an Outperform rating on MercadoLibre (NASDAQ:MELI) and maintained a $1500 price target.
November 02, 2023 | 1:29 pm
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Wedbush analyst Scott Devitt has reiterated an Outperform rating on MercadoLibre and maintained a $1500 price target, which could positively impact the stock.
The reiteration of an Outperform rating and a high price target by a reputable analyst like Scott Devitt is a strong positive signal for MercadoLibre. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100