Barclays (LON:BARC) analyst Ross Sandler maintained a Buy rating on Mercadolibre on Tuesday, setting a price target of $2000, which is approximately 21.77% above the present share price of $1642.41.
Sandler expects Mercadolibre to post earnings per share (EPS) of $0.28 for the first quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Mercadolibre, with an average price target of $2051.15.
The analysts price targets range from a high of $2500 to a low of $1800.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.12 billion and a net profit of $83.07 million. The company's market cap is $81.91 billion.
According to TipRanks.com, Barclays analyst Ross Sandler is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.7% and a 68.28% success rate.
MercadoLibre (NASDAQ:MELI), Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.