Analysts Are Bullish on These Consumer Cyclical Stocks: Sea (SE), Mercadolibre (MELI)
There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Sea (SE) and Mercadolibre (MELI) with bullish sentiments.
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Sea (SE)
Jefferies analyst Thomas Chong maintained a Buy rating on Sea yesterday and set a price target of $157.00. The company’s shares closed last Tuesday at $95.83.
According to TipRanks.com, Chong is a 4-star analyst with an average return of
Sea has an analyst consensus of Strong Buy, with a price target consensus of $143.64, which is a 57.3% upside from current levels. In a report issued on June 19, Maybank also maintained a Buy rating on the stock with a $127.00 price target.
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Mercadolibre (MELI)
In a report released yesterday, James Friedman from Susquehanna reiterated a Buy rating on Mercadolibre, with a price target of $2400.00. The company’s shares closed last Tuesday at $1697.39.
According to TipRanks.com, Friedman is a 1-star analyst with an average return of
Currently, the analyst consensus on Mercadolibre is a Moderate Buy with an average price target of $2191.43, implying a 31.3% upside from current levels. In a report issued on June 24, Morgan Stanley also maintained a Buy rating on the stock with a $2450.00 price target.
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