In a report issued on May 12, Irma Sgarz from Goldman Sachs maintained a Buy rating on Mercadolibre (MELI – Research Report), with a price target of $1650.00. The company's shares closed last Friday at $794.96, close to its 52-week low of $640.00. Sgarz has an average return of 58.9% when recommending Mercadolibre. According to TipRanks.com, Sgarz is ranked #2266 out of 7881 analysts. Currently, the analyst consensus on Mercadolibre is a Strong Buy with an average price target of $1497.69, implying a 99.4% upside from current levels. In a report issued on May 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $1200.00 price target.
https://www.tipranks.com/news/blurbs/goldman-sachs-thinks-mercadolibres-stock-is-going-to-recover?utm_source=advfn.com&utm_medium=referral
MercadoLibre (NASDAQ:MELI)
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MercadoLibre (NASDAQ:MELI)
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