JP Morgan Maintains Overweight on MercadoLibre, Raises Price Target to $2150
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Marcelo Santos has maintained an Overweight rating on MercadoLibre (NASDAQ:MELI) and increased the price target from $2000 to $2150.
February 27, 2024 | 6:10 pm
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POSITIVE IMPACT
JP Morgan has maintained an Overweight rating on MercadoLibre and raised the price target from $2000 to $2150.
The increase in price target by a reputable analyst like Marcelo Santos from JP Morgan suggests a strong bullish outlook on MercadoLibre. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100