On Nov 07, major Wall Street analysts update their ratings for $MercadoLibre (MELI.US)$, with price targets ranging from $2,200 to $2,500.
Morgan Stanley analyst Andrew R. Ruben maintains with a buy rating, and maintains the target price at $2,500.
J.P. Morgan analyst Marcelo Santos maintains with a hold rating.
Citi analyst Joao Soares maintains with a buy rating, and maintains the target price at $2,480.
Barclays analyst Trevor Young maintains with a buy rating, and maintains the target price at $2,500.
BTIG analyst Marvin Fong maintains with a buy rating, and adjusts the target price from $2,250 to $2,200.
Furthermore, according to the comprehensive report, the opinions of $MercadoLibre (MELI.US)$'s main analysts recently are as follows:
The performance of MercadoLibre's earnings report did not meet the heightened expectations investors typically hold, as evidenced by lower-than-anticipated Gross Merchandise Volume and Total Payment Volume. Despite a revised outlook on operating margins, the company's dominant market position and assertive strategies to gain market share are still positively viewed.
Here are the latest investment ratings and price targets for $MercadoLibre (MELI.US)$ from 5 analysts:
Note:
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