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Mercadolibre Inc (MELI) Stock Climbs 2.36% This Week; Should You Buy?

Friday, May 20, 2022 10:41 AM | InvestorsObserver Analysts

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Mercadolibre Inc (MELI) Stock Climbs 2.36% This Week; Should You Buy?

Mercadolibre Inc (MELI) stock is down -40.82% 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 61 out of a possible 100.

That rank is influenced by a fundamental score of 86. In addition to the average rating from Wall Street analysts, MELI stock has a mean target price of $1,623.75. This means analysts expect the stock to climb 99.55% over the next 12 months. MELI's rank also includes a short-term technical score of 69. The long-term technical score for MELI is 27.
Overall Score - 61
MELI has an Overall Score of 61. 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 1.51% while the S&P 500 has gained 0.14% as of 10:39 AM on Friday, May 20. MELI has gained $12.14 from the previous closing price of $801.57 on volume of 131,383 shares. Over the past year the S&P 500 has fallen -6.08% while MELI is down -40.82%. MELI earned $3.65 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 222.64. Click Here to get the full Stock Report for Mercadolibre Inc stock.

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