The Analyst Landscape: 16 Takes On MercadoLibre
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on MercadoLibre (NASDAQ:MELI), with most being bullish or somewhat bullish. The average 12-month price target has increased by 10.91% to $2388.44. MercadoLibre shows strong financial performance with high revenue growth, net margin, ROE, and ROA.
October 11, 2024 | 12:00 pm
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POSITIVE IMPACT
Analysts have shown a predominantly bullish sentiment towards MercadoLibre, with an increase in the average 12-month price target to $2388.44. The company's strong financial performance, including high revenue growth and profitability, supports this positive outlook.
The majority of analysts have a bullish or somewhat bullish outlook on MercadoLibre, with no bearish ratings. The increase in the average price target and the company's strong financial metrics, such as revenue growth and profitability, suggest a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100