From a technical perspective the chart is showing weakness as it is already a very high price for such a stock, we believe it has further downside ahead.
AVERAGE ANALYSTS PRICE TARGET $693
AVERAGE ANALYSTS RECOMMENDATION Overweight
P/R RATIO 1900
SHORT INTEREST 5%
MercadoLibre , 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.
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