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Is Mercadolibre Inc (MELI) Stock a Smart Investment Thursday?

Thursday, June 17, 2021 02:09 PM | InvestorsObserver Analysts

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Is Mercadolibre Inc (MELI) Stock a Smart Investment Thursday?

Mercadolibre Inc (MELI) stock is up 55.28% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver’s proprietary ranking system, gives MELI stock a score of 35 out of a possible 100.

That rank is chiefly influenced by a long-term technical score of 27. MELI's rank also includes a short-term technical score of 28. The fundamental score for MELI is 49. In addition to the average rating from Wall Street analysts, MELI stock has a mean target price of 1852.857. This means analysts expect the stock to rise 27.52% over the next 12 months.

Overall Score - 35
MELI has an Overall Score of 35. Find out what this means to you and get the rest of the rankings on MELI!

What's Happening with MELI Stock Today

Mercadolibre Inc (MELI) stock is higher by 1.8% while the S&P 500 is up 0.11% as of 1:50 PM on Thursday, Jun 17. MELI is up $25.76 from the previous closing price of $1,427.23 on volume of 225,297 shares. Over the past year the S&P 500 has gained 35.81% while MELI is up 55.28%. MELI lost -$0.27 per share in the over the last 12 months.

Click Here to get the full Stock Score Report on Mercadolibre Inc (MELI) Stock.

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