Bank of America Securities analyst Robert Ford reiterated a Buy rating on Mercadolibre (MELI - Research Report) today and set a price target of $1,400.00. The company's shares closed yesterday at $870.88.According to TipRanks, Ford is ranked #1922 out of 7912 analysts.The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mercadolibre with a $1,258.75 average price target, a 44.54% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $1,450.00 price target.
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