Wedbush Maintains Outperform on MercadoLibre, Raises Price Target to $2000
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt maintains an Outperform rating on MercadoLibre (NASDAQ:MELI) and raises the price target from $1800 to $2000.
February 23, 2024 | 1:44 pm
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POSITIVE IMPACT
Wedbush analyst Scott Devitt maintains an Outperform rating on MercadoLibre and raises the price target from $1800 to $2000.
The increase in price target by Wedbush reflects a positive outlook on MercadoLibre's future performance. This endorsement from a reputable analyst is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100