Barclays Maintains Overweight on MercadoLibre, Raises Price Target to $2100
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young maintains an Overweight rating on MercadoLibre (NASDAQ:MELI) and raises the price target from $2000 to $2100.
August 06, 2024 | 1:39 pm
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Barclays analyst Trevor Young maintains an Overweight rating on MercadoLibre and raises the price target from $2000 to $2100.
The raised price target and maintained Overweight rating from Barclays is a positive signal for investors, indicating confidence in MercadoLibre's future performance. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100