Wedbush Reiterates Outperform on MercadoLibre, Maintains $2000 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Scott Devitt reiterates an Outperform rating on MercadoLibre (NASDAQ:MELI) and maintains a $2000 price target.
March 06, 2024 | 4:15 pm
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Wedbush analyst Scott Devitt reiterates an Outperform rating on MercadoLibre with a $2000 price target.
The reiteration of an Outperform rating and a high price target by a reputable analyst like Scott Devitt suggests a strong bullish sentiment towards MercadoLibre. This could positively influence investor perception and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100