Citigroup Maintains Buy on MercadoLibre, Raises Price Target to $2200
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tobias Stingelin maintains a Buy rating on MercadoLibre (NASDAQ:MELI) and raises the price target from $2000 to $2200.
August 15, 2024 | 2:27 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup analyst Tobias Stingelin maintains a Buy rating on MercadoLibre and raises the price target from $2000 to $2200.
The raised price target and maintained Buy rating from a reputable analyst at Citigroup is likely to positively impact MercadoLibre's stock price in the short term as it signals confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100