BTIG analyst Marvin Fong maintained a Buy rating on Mercadolibre (MELI - Research Report) on November 14 and set a price target of $1,130.00. The company's shares closed yesterday at $1,020.68.According to TipRanks, Fong is an analyst with an average return of -10.7% and a 33.52% success rate. Fong covers the Consumer Goods sector, focusing on stocks such as Mercadolibre, Etsy, and Aterian.Mercadolibre has an analyst consensus of Strong Buy, with a price target consensus of $1,245.71, representing a 22.05% upside. In a report released on November 4, Bank of America Securities also reiterated a Buy rating on the stock with a $1,400.00 price target.
https://www.tipranks.com/news/blurbs/btig-sticks-to-its-buy-rating-for-mercadolibre-meli-2?utm_source=advfn.com&utm_medium=referral
MercadoLibre (NASDAQ:MELI)
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