MercadoLibre ( NASDAQ:MELI – Get Rating ) had its price objective hoisted by stock analysts at Citigroup from $1,100.00 to $1,460.00 in a report released on Friday, The Fly reports. Citigroup's target price indicates a potential upside of 19.82% from the company's current price. MELI has been the subject of several other research reports. BTIG Research lifted their price target on shares of MercadoLibre from $1,245.00 to $1,400.00 and gave the stock a 'buy' rating in a research report on Friday, February 24th.

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