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Mercadolibre Inc (NASDAQ:MELI) target price raised to $263.45, reported today by Citigroup Inc.

Yesterday Mercadolibre Inc (NASDAQ:MELI) traded 0.08% higher at $271.72. The company’s 50-day moving average is $258.77 and its 200-day moving average is $253.15. The last stock close price is up 14.63% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 720,500 shares of the stock were exchanged, down from an average trading volume of 774,442

Mercadolibre Inc (NASDAQ:MELI) had its target price raised to $263.45 by Citigroup Inc. in a report released 6/19/2017. The new target price indicates a possible downside of -0.03% based on the company's last stock close price.

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Mercadolibre Inc (NASDAQ:MELI)

Mercadolibre Inc has a 52 week low of $148.98 and a 52 week high of $297.95 with a P/E ratio of 88.94 Mercadolibre Inc’s market capitalization is currently $0.

In addition to Citigroup Inc. 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. is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes 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, Honduras, Nicaragua, Salvador, Panama, Bolivia, Guatemala, Paraguay and Portugal. It offers an ecosystem of six integrated 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 MercadoEnvios shipping service.

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