Citigroup Maintains Buy on MercadoLibre, Raises Price Target to $2480
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tobias Stingelin maintains a Buy rating on MercadoLibre and raises the price target from $2200 to $2480.
October 22, 2024 | 5:31 pm
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Citigroup analyst Tobias Stingelin has reaffirmed a Buy rating for MercadoLibre and increased the price target from $2200 to $2480, indicating a positive outlook for the stock.
The reaffirmation of a Buy rating and an increased price target by a major financial institution like Citigroup suggests confidence in MercadoLibre's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100