MercadoLibre Poised For 30% Upside As Gross Merchandise Value And Payment Volume Surge, Says Goldman Sachs
Portfolio Pulse from Vandana Singh
Goldman Sachs projects a 30% upside for MercadoLibre (MELI) due to strong growth in gross merchandise value and payment volume. Despite potential margin pressure from new logistics facilities, the firm maintains a Buy rating with a price target of $2,620.
October 10, 2024 | 6:47 pm
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Goldman Sachs forecasts a 30% upside for MercadoLibre due to strong growth in GMV and TPV. Despite potential margin pressure from new logistics facilities, the firm maintains a Buy rating with a price target of $2,620.
Goldman Sachs' positive outlook on MercadoLibre is based on strong growth in GMV and TPV, which are key performance indicators for the company. The Buy rating and 30% upside potential suggest a positive short-term impact on the stock price. However, potential margin pressure from new logistics facilities could slightly offset gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100