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Analysts Offer Insights on Consumer Cyclical Companies: Alibaba (BABA), Sleep Number (SNBR) and Mercadolibre (MELI)

Tipranks - Tipranks - Thu May 14, 6:52AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Alibaba (BABA), Sleep Number (SNBR) and Mercadolibre (MELI).

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Alibaba (BABA)

In a report released yesterday, Fawne Jiang from Benchmark Co. maintained a Buy rating on Alibaba, with a price target of $220.00. The company’s shares closed last Tuesday at $134.78.

Jiang has an average return of 10.0% when recommending Alibaba. ;'>

According to TipRanks.com, Jiang is ranked #650 out of 12246 analysts.

Currently, the analyst consensus on Alibaba is a Strong Buy with an average price target of $186.32.

See the top stocks recommended by analysts >>

Sleep Number (SNBR)

Piper Sandler analyst Peter Keith maintained a Hold rating on Sleep Number today and set a price target of $3.00. The company’s shares closed last Tuesday at $1.90.

According to TipRanks.com, Keith is a 4-star analyst with an average return of 6.7% and a 46.9% success rate. Keith covers the NA sector, focusing on stocks such as Savers Value Village Inc., Somnigroup International, and Floor & Decor Holdings. ;'>

Sleep Number has an analyst consensus of Hold, with a price target consensus of $2.50, which is an 11.1% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $2.00 price target.

Mercadolibre (MELI)

In a report released today, Kaio Da Prato from UBS maintained a Hold rating on Mercadolibre, with a price target of $1750.00. The company’s shares closed last Tuesday at $1578.78.

According to TipRanks.com, Prato is a 4-star analyst with an average return of 16.3% and a 67.7% success rate. Prato covers the Financial sector, focusing on stocks such as Banco BBVA Argentina, Grupo Supervielle SA, and Banco Macro SA. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mercadolibre with a $2276.25 average price target, a 45.7% upside from current levels. In a report issued on May 8, Daiwa also downgraded the stock to Hold with a $1800.00 price target.

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