Fintel reports that on January 21, 2025, Raymond James upgraded their outlook for MercadoLibre (XTRA:MLB1) from Outperform to Strong Buy.
Analyst Price Forecast Suggests 24.19% Upside
As of December 23, 2024, the average one-year price target for MercadoLibre is 2.199,11 €/share. The forecasts range from a low of 1.653,03 € to a high of 2.732,26 €. The average price target represents an increase of 24.19% from its latest reported closing price of 1.770,80 € / share.
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The projected annual revenue for MercadoLibre is 19,667MM, an increase of 6.35%. The projected annual non-GAAP EPS is 36.47.
What is the Fund Sentiment?
There are 2,088 funds or institutions reporting positions in MercadoLibre. This is an increase of 84 owner(s) or 4.19% in the last quarter. Average portfolio weight of all funds dedicated to MLB1 is 0.97%, an increase of 5.21%. Total shares owned by institutions increased in the last three months by 2.69% to 50,191K shares.
What are Other Shareholders Doing?
Baillie Gifford holds 4,689K shares representing 9.25% ownership of the company. In its prior filing, the firm reported owning 4,846K shares , representing a decrease of 3.35%. The firm increased its portfolio allocation in MLB1 by 16.05% over the last quarter.
Capital Research Global Investors holds 2,236K shares representing 4.41% ownership of the company. In its prior filing, the firm reported owning 2,331K shares , representing a decrease of 4.23%. The firm increased its portfolio allocation in MLB1 by 13.47% over the last quarter.
Jennison Associates holds 1,874K shares representing 3.70% ownership of the company. In its prior filing, the firm reported owning 1,804K shares , representing an increase of 3.74%. The firm increased its portfolio allocation in MLB1 by 25.64% over the last quarter.
Jpmorgan Chase holds 1,690K shares representing 3.33% ownership of the company. In its prior filing, the firm reported owning 1,821K shares , representing a decrease of 7.75%. The firm increased its portfolio allocation in MLB1 by 7.39% over the last quarter.
AEPGX - EUROPACIFIC GROWTH FUND holds 1,267K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 1,280K shares , representing a decrease of 0.96%. The firm increased its portfolio allocation in MLB1 by 20.17% over the last quarter.
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