In a report released today, Keiichi Yoneshima from Citi maintained a Hold rating on Mercari (MRCIF – Research Report), with a price target of Yen2,800.00. The company’s shares closed last Thursday at $17.00.
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According to TipRanks, Yoneshima is a 2-star analyst with an average return of 2.3% and a 50.00% success rate.
Currently, the analyst consensus on Mercari is a Moderate Buy with an average price target of $19.64.
Based on Mercari’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $49.91 billion and a net profit of $4.35 billion. In comparison, last year the company earned a revenue of $48.49 billion and had a net profit of $3.25 billion
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