The Traderszone Network

Published in TZ Latest News 29 March, 2017 by The TZ Newswire Staff

MercadoLibre Stock: Next Stop, $250?

Shares of MercadoLibre (NASDAQ: MELI) hit an another all-time high last week, and there’s another Wall Street pro who thinks the dot-com darling is going even higher. Barclays analyst Deepak Mathivanan initiated coverage of MercadoLibre with an overweight rating after Tuesday’s market close. He’s setting a $250 price target on the stock, translating into 18% of upside from yesterday’s close.

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