MELI Crosses Above Average Analyst Target
July 19, 2018 at 08:10 AM EDT
In recent trading, shares of MercadoLibre Inc (MELI) have crossed above the average analyst 12-month target price of $365.38, changing hands for $369.35/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..