MercadoLibre (MELI) Stock Forecast & Price Target

$2,067.82

-32.76 (-1.56%)

(As of 10/22/2024 ET)

MercadoLibre - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
2

Buy
15

Based on 17 Wall Street analysts who have issued ratings for MercadoLibre in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 2 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for MELI.

Consensus Price Target

$2,301.67
11.31% Upside

According to the 17 analysts' twelve-month price targets for MercadoLibre, the average price target is $2,301.67. The highest price target for MELI is $2,800.00, while the lowest price target for MELI is $1,685.00. The average price target represents a forecasted upside of 11.31% from the current price of $2,067.82.

MELI Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$2,301.67	$2,207.31	$1,922.08	$1,643.21
Forecasted Upside	11.31% Upside	4.98% Upside	18.27% Upside	34.47% Upside
Consensus Rating	Moderate Buy	Buy	Buy	Moderate Buy

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MELI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MELI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

MercadoLibre Stock vs. The Competition

Type	MercadoLibre	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.94	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	11.31% Upside	35.54% Upside	7.93% Upside
News Sentiment Rating	Positive News See Recent MELI News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$2,200.00 ➝ $2,480.00	+19.69%
10/11/2024	Redburn Atlantic 0 of 5 stars	G. Lopez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$2,800.00	+37.22%
10/7/2024	Cantor Fitzgerald 3 of 5 stars	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$2,530.00 ➝ $2,530.00	+28.01%
10/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$2,100.00 ➝ $2,500.00	+27.02%
10/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$2,400.00 ➝ $2,400.00	+16.16%
9/27/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$2,350.00	+11.89%
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9/20/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$2,175.00 ➝ $2,500.00	+18.52%
9/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,250.00 ➝ $2,500.00	+17.68%
8/28/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$2,300.00 ➝ $2,350.00	+16.14%
8/21/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,025.00 ➝ $2,250.00	+12.28%
8/8/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,180.00 ➝ $2,480.00	+32.07%
7/11/2024	Dbs Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Mittal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/24/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Datta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
5/20/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$1,400.00 ➝ $2,100.00	+18.78%
5/3/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$1,800.00	+7.97%
4/23/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$1,685.00	+23.15%
4/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$1,900.00 ➝ $1,800.00	+28.77%
7/31/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$1,730.00 ➝ $1,760.00	+43.67%
7/10/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$1,700.00 ➝ $1,400.00	+21.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:21 AM ET.

Should I Buy MercadoLibre Stock? MELI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 15, 2024. Please send any questions or comments about these MercadoLibre pros and cons to contact@marketbeat.com.

MercadoLibre
Bull Case

Here are some ways that investors could benefit from investing in MercadoLibre, Inc.:

MercadoLibre's stock price has been trading up, showing positive momentum in the market.
The company reported strong quarterly earnings, surpassing analyst expectations, indicating robust financial performance.
Analysts have given MercadoLibre a "buy" or "strong buy" rating, reflecting confidence in the company's future growth potential.
MercadoLibre has a solid return on equity of 43.52%, showcasing efficient utilization of shareholder funds.
The company's revenue growth of 41.5% year-over-year demonstrates strong business expansion and market competitiveness.

MercadoLibre
Bear Case

Investors should be bearish about investing in MercadoLibre, Inc. for these reasons:

Market volatility and economic uncertainties could impact MercadoLibre's stock price, leading to potential investment risks.
The company's high price-to-earnings ratio of 89.42 may indicate an overvalued stock, posing a risk for investors.
Debt-to-equity ratio of 0.67 suggests a moderate level of financial leverage, which could increase the company's risk profile.
Investors should consider the beta of 1.61, indicating higher volatility compared to the market average, potentially leading to fluctuations in stock price.
While revenue growth has been strong, investors should monitor competition and market dynamics that could impact MercadoLibre's future growth trajectory.

MELI Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for MercadoLibre is $2,301.67, with a high forecast of $2,800.00 and a low forecast of $1,685.00.
: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last twelve months. There are currently 2 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MELI shares.
: According to analysts, MercadoLibre's stock has a predicted upside of 11.31% based on their 12-month stock forecasts.
: Over the previous 90 days, MercadoLibre's stock had 1 downgrade by analysts.
: MercadoLibre has been rated by research analysts at Bank of America, Barclays, BTIG Research, Cantor Fitzgerald, Citigroup, JPMorgan Chase & Co., Morgan Stanley, Raymond James, Redburn Atlantic, Susquehanna, and The Goldman Sachs Group in the past 90 days.
: Analysts like MercadoLibre more than other "retail/wholesale" companies. The consensus rating for MercadoLibre is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how MELI compares to other companies.

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This page (NASDAQ:MELI) was last updated on 10/23/2024 by MarketBeat.com Staff

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MercadoLibre (MELI) Stock Forecast & Price Target