Mercadolibre (MELI) Gets a Buy from BTIG
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According to TipRanks, Fong is a 2-star analyst with an average return of 0.8% and a 43.07% success rate. Fong covers the Consumer Cyclical sector, focusing on stocks such as Carvana Co, Mercadolibre, and CarGurus. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mercadolibre with a $2,816.43 average price target, a 22.67% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $2,900.00 price target.
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