Expert Ratings for MercadoLibre
Portfolio Pulse from Benzinga Insights
Analysts have recently provided ratings for MercadoLibre (NASDAQ:MELI), with 1 bullish and 3 somewhat bullish ratings in the last quarter. The average 12-month price target for MELI is $1656.25, which is a 6.0% increase from the previous target of $1562.50. The high estimate is $1850.00 and the low is $1500.00. Analyst ratings are derived from various sources including financial statements and insider information, and they provide guidance to investors, though they are subjective opinions.
November 28, 2023 | 2:00 pm
News sentiment analysis
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POSITIVE IMPACT
MercadoLibre has received positive ratings from analysts, with an updated average price target of $1656.25, indicating a bullish sentiment.
The positive ratings and increased price target for MELI suggest that analysts see growth potential in the company's stock. This optimism is likely to influence investor sentiment and could lead to a short-term increase in the stock price. The confidence score is high due to the clear consensus among analysts and the significant increase in the price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100