Published On: Sat, Apr 22nd, 2017

New Analyst Ratings On MercadoLibre, Inc. (NASDAQ:MELI)


Recently stock market analysts have updated their consensus ratings on shares of MercadoLibre, Inc. (NASDAQ:MELI).

Most recent broker ratings

03/28/2017 – Barclays began new coverage on MercadoLibre, Inc. giving the company a “overweight” rating. They now have a USD 250 price target on the stock.

02/24/2017 – MercadoLibre, Inc. had its “market perform” rating reiterated by analysts at Cowen. They now have a USD 211 price target on the stock.

02/24/2017 – MercadoLibre, Inc. had its “hold” rating reiterated by analysts at Stifel Nicolaus. They now have a USD 220 price target on the stock.

02/17/2017 – Pacific Crest began new coverage on MercadoLibre, Inc. giving the company a “overweight” rating. They now have a USD 210 price target on the stock.

02/07/2017 – MercadoLibre, Inc. had its “overweight” rating reiterated by analysts at Piper Jaffray. They now have a USD 200 price target on the stock.

01/30/2017 – MercadoLibre, Inc. was upgraded to “buy” by analysts at Bank of America Merrill Lynch. They now have a USD 210 price target on the stock.

12/07/2016 – MercadoLibre, Inc. was upgraded to “buy” by analysts at Goldman Sachs. They now have a USD 200 price target on the stock.

12/05/2016 – MercadoLibre, Inc. was downgraded to “neutral” by analysts at Susquehanna. They now have a USD 170 price target on the stock.

10/28/2016 – MercadoLibre, Inc. had its “underweight” rating reiterated by analysts at Morgan Stanley.

09/02/2016 – MercadoLibre, Inc. was upgraded to “overweight” by analysts at JP Morgan. They now have a USD 200 price target on the stock.

03/03/2016 – MercadoLibre, Inc. had its “hold” rating reiterated by analysts at HSBC. They now have a USD 105 price target on the stock.

01/12/2016 – MercadoLibre, Inc. had its “outperform” rating reiterated by analysts at Credit Suisse. They now have a USD 131 price target on the stock.

09/28/2015 – MercadoLibre, Inc. was downgraded to “sell” by analysts at Citigroup.

01/19/2015 – MercadoLibre, Inc. was downgraded to “neutral” by analysts at Zacks. They now have a USD 144.4 price target on the stock.

10/31/2014 – MercadoLibre, Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. They now have a USD 100 price target on the stock.

MercadoLibre, Inc. has a 50 day moving average of 214.41 and a 200 day moving average of 184.24. The stock’s market capitalization is 9.88B, it has a 52-week low of 122.30 and a 52-week high of 226.21.

The share price of the company (NASDAQ:MELI) was up +0.18% during the last trading session, with a high of 225.00 and the volume of MercadoLibre, Inc. shares traded was 231293.

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.