A report released today by Zacks Investment Research about Mercadolibre Inc (NASDAQ:MELI) raises the target price to $212.00
- Updated: October 9, 2016
In a report issued 10/05/2016 Zacks Investment Research upped the price target of Mercadolibre Inc (NASDAQ:MELI) to $212.00 reporting a potential upside of 0.15%.
Having a price of $184.59, Mercadolibre Inc (NASDAQ:MELI) traded 1.90% higher on the day. With the last close up 28.61% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Mercadolibre Inc has recorded a 50-day average of $178.98 and a two hundred day average of $147.61. Volume of trade was down over the average, with 318,720 shares of MELI changing hands under the typical 404,555
With a total market value of $0, Mercadolibre Inc has 52 week low of $84.19 and a 52 week high of $191.76 with a PE ratio of 64.13 .
In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $120.55 with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 5 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On Mercadolibre Inc (NASDAQ:MELI)
MercadoLibre, Inc. (MercadoLibre) hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions. Its geographic segments are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America. It also operates online commerce platforms in the Dominican Republic, Panama, Bolivia, Guatemala, Paraguay and Portugal. It offers its users an eco-system of over six related e-commerce services: the MercadoLibre Marketplace, The MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre Advertising program, the MercadoShops online Webstores solution and the Mercado Envios shipping service. It operates a real estate classified platform in the United States.
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