In a report released yesterday, Marvin Fong from BTIG maintained a Buy rating on Mercadolibre (MELI – Research Report), with a price target of $1320.00. The company's shares closed last Thursday at $913.22, close to its 52-week low of $858.99. According to TipRanks.com, Fong is a 1-star analyst with an average return of -3.7% and a 31.5% success rate. Fong covers the Technology sector, focusing on stocks such as Farfetch, CarGurus, and Aterian. Mercadolibre has an analyst consensus of Strong Buy, with a price target consensus of $1466.00, representing a 47.6% upside.
https://www.tipranks.com/news/blurbs/btig-thinks-mercadolibres-stock-is-going-to-recover?utm_source=advfn.com&utm_medium=referral
MercadoLibre (NASDAQ:MELI)
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