Cantor Fitzgerald Reiterates Overweight on MercadoLibre, Maintains $2530 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Deepak Mathivanan has reiterated an Overweight rating on MercadoLibre (NASDAQ:MELI) and maintained a price target of $2530.
October 07, 2024 | 3:11 pm
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Cantor Fitzgerald has reiterated its Overweight rating on MercadoLibre, maintaining a price target of $2530, indicating confidence in the company's growth prospects.
The reiteration of an Overweight rating and a high price target suggests positive sentiment from Cantor Fitzgerald, likely boosting investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100