Barclays raises MercadoLibre's price target to $2,100, implying a 12.92% potential upside.
Barclays raised MercadoLibre's (NASDAQ:MELI) price target from $2,000 to $2,100, indicating a potential upside of 12.92%. The online commerce platform reported earnings per share of $10.48, surpassing consensus estimates, and had a net margin of 8.03%. Institutional investors and hedge funds own 87.62% of the company's stock, and it has a consensus rating of "Buy" with a price target of $1,973.33.
August 08, 2024
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