Stifel Nicolaus analyst Scott Devitt maintained a Buy rating on Mercadolibre (MELI – Research Report) today and set a price target of $1200.00. The company's shares closed last Thursday at $913.22, close to its 52-week low of $858.99. According to TipRanks.com, Devitt is a 5-star analyst with an average return of 10.6% and a 45.1% success rate. Devitt covers the Technology sector, focusing on stocks such as Zillow Group Class A, Uber Technologies, and Alphabet Class A. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mercadolibre with a $1446.00 average price target, representing a 45.6% upside.
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