Goldman Sachs Starts MercadoLibre (MELI) at Neutral, Strength Priced In
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Price: $1,790.12 -2.95%
Rating Summary:
29 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
29 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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Goldman Sachs initiates coverage on MercadoLibre (NASDAQ: MELI) with a Neutral rating and $101.50.
The firm said while the company is fully exposed and well positioned to benefit from strong LatAm economic growth, they see limited upside to their price target with the stock gaining 38% vs. the S&P500 in the last six months.
"MELI's strengths and scarcity value appear fairly valued," the analyst said.
For an analyst ratings summary and ratings history on MercadoLibre click here. For more ratings news on MercadoLibre click here.
Shares of MercadoLibre closed at $95.29 yesterday.
The firm said while the company is fully exposed and well positioned to benefit from strong LatAm economic growth, they see limited upside to their price target with the stock gaining 38% vs. the S&P500 in the last six months.
"MELI's strengths and scarcity value appear fairly valued," the analyst said.
For an analyst ratings summary and ratings history on MercadoLibre click here. For more ratings news on MercadoLibre click here.
Shares of MercadoLibre closed at $95.29 yesterday.
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