A statement released earlier today by Stifel about MercadoLibre (NASDAQ:MELI) ups the target price to $180.00
- Updated: October 5, 2016
Having a price of $186.49, MercadoLibre (NASDAQ:MELI) traded -0.17% lower on the day. With the last stock price up 26.84% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. MELI has recorded a 50-day average of $177.78 and a two hundred day average of $146.79. Trade Volume was down over the average, with 8,354 shares of MELI changing hands under the typical 403,209
Reporting a potential downside of -0.03%, Stifel upped the price target of MercadoLibre (NASDAQ:MELI) to $180.00
On 10/05/2016, Zacks Investment Research released a statement about MercadoLibre (NASDAQ:MELI) upped the target price from $0.00 to $212.00 that suggested an upside of 0.15%.
Recent Performance Chart
MercadoLibre has PE ratio of 62.90 with a one year low of $84.19 and a one year high of $191.76 and has a market capitalization of $0.
A total of 10 brokerages have released a report on MercadoLibre. One brokerage rating the company a strong buy, three brokerages rating the company a buy, five brokerages rating the company a hold, one brokerage rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $120.55.
General Company Details For MercadoLibre (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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