|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.58|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
After a rough 2022, growth stocks have surged this year. Through Feb. 6, the Nasdaq Composite is up 14% as investors have responded to cooling inflation and slowing interest rate hikes from the Federal Reserve. With a number of growth stocks having plunged last year, there are also opportunities in the sell-off.
Investors should never put too much weight on specific price targets set by Wall Street. For instance, 20 of the 28 analysts that follow Intuit (NASDAQ: INTU) have a buy rating on the stock, and the average price target is $474 per share, which implies roughly 14% upside from its current price. Similarly, 17 of the 21 analysts that follow MercadoLibre (NASDAQ: MELI) have a buy rating on the stock, and the average price target is $1,291 per share, which implies 13% upside from its current price.
MercadoLibre (MELI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.