Susquehanna Maintains Positive on MercadoLibre, Raises Price Target to $1850
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst James Friedman has maintained a Positive rating on MercadoLibre (NASDAQ:MELI) and increased the price target from $1625 to $1850. This adjustment reflects a bullish stance on the company's stock, suggesting potential upside from the current trading levels.
November 28, 2023 | 1:39 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Susquehanna analyst James Friedman has reaffirmed a Positive rating on MercadoLibre and raised the price target to $1850, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst typically signals confidence in the company's future performance and can lead to increased investor interest, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100