InvestorsObserver is giving Mercadolibre Inc (MELI) an Analyst Rating Rank of 40, meaning MELI is ranked higher by analysts than 40% of stocks. The average projection by analysts for MELI is $827.222 over the next 12 months and analyst’s classify the stock as a Buy
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Mercadolibre Inc Stock Today?
Mercadolibre Inc (MELI) stock is trading at $991.08 as of 3:11 PM on Tuesday, Jun 23, a rise of $6.54, or 0.66% from the previous closing price of $984.54. The stock has traded between $977.50 and $998.11 so far today. Volume today is light. So far 260,740 shares have traded compared to average volume of 505,335 shares.
