Barclays analyst Trevor Young raised the firm’s price target on MercadoLibre to $1,900 from $1,550 and keeps an Overweight rating on the shares. The analyst likes MercadoLibre from a fundamental perspective heading into the Q4 report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MELI:
- MercadoLibre price target raised to $1,900 from $1,550 at Citi
- The Countdown Begins: Scott Devitt Picks His 3 Top Internet Stocks for 2024
- The internet stocks to own in 2024, according to Wedbush
- MercadoLibre price target raised to $1,800 from $1,700 at Wedbush
- MercadoLibre Stock (NASDAQ:MELI) May Face Valuation Headwinds after 77% Rally