Bank of America Securities Keeps Their Buy Rating on Mercadolibre (MELI)

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Bank of America Securities analyst Robert Ford maintained a Buy rating on Mercadolibre (MELI – Research Report) today. The company’s shares closed last Friday at $2,064.71.

According to TipRanks, Ford is ranked #1763 out of 9077 analysts.

Currently, the analyst consensus on Mercadolibre is a Strong Buy with an average price target of $2,291.82, which is an 11.00% upside from current levels. In a report released on September 26, Raymond James also initiated coverage with a Buy rating on the stock with a $2,350.00 price target.

The company has a one-year high of $2,161.73 and a one-year low of $1,141.04. Currently, Mercadolibre has an average volume of 311K.

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Mercadolibre (MELI) Company Description:

Founded in 1999, Argentina-based MercadoLibre, Inc. provides the largest online commerce and payments ecosystem in Latin America. The company provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. It has operations in 18 countries including, Argentina, Brazil, Mexico, Colombia, Chile, Venezuela and Peru.

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Bank of America Securities Keeps Their Buy Rating on Mercadolibre (MELI)

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