BTIG Maintains Buy on MercadoLibre, Raises Price Target to $2250
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Marvin Fong has maintained a Buy rating on MercadoLibre and raised the price target from $2025 to $2250, indicating confidence in the company's growth prospects.
August 21, 2024 | 2:31 pm
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BTIG analyst Marvin Fong has maintained a Buy rating on MercadoLibre and increased the price target from $2025 to $2250, suggesting positive growth expectations.
The increase in price target from $2025 to $2250 by BTIG indicates a positive outlook on MercadoLibre's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100