In a report released yesterday, Deepak Mathivanan from Barclays maintained a Buy rating on Mercadolibre (MELI), with a price target of $700.00. The company’s shares closed last Monday at $566.55.
According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 20.9% and a 70.6% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Wix.com Ltd, GrubHub, and Shopify.
Currently, the analyst consensus on Mercadolibre is a Strong Buy with an average price target of $707.00.
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The company has a one-year high of $698.98 and a one-year low of $257.52. Currently, Mercadolibre has an average volume of 457.7K.
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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.