Mercadolibre (MELI) received a Sell rating from Susquehanna analyst James Friedman today. The company’s shares closed yesterday at $451.15, close to its 52-week high of $478.60.
According to TipRanks.com, Friedman is ranked #294 out of 5220 analysts.
Currently, the analyst consensus on Mercadolibre is a Moderate Buy with an average price target of $430.
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Based on Mercadolibre’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $2.34 million. In comparison, last year the company had a GAAP net loss of $67.72 million.
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MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries.
