MercadoLibre (MELI) Stock Forecast & Price Target

$2,005.00 +36.85 (+1.87%)

(As of 11/22/2024 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

$2,269.67
13.20% Upside

According to the 17 analysts' twelve-month price targets for MercadoLibre, the average price target is $2,269.67. 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 13.20% from the current price of $2,005.00.

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MELI Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
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)	14 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	2 Hold rating(s)	2 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	$2,269.67	$2,301.67	$2,063.75	$1,643.21
Forecasted Upside	13.20% Upside	12.42% Upside	2.95% Upside	7.01% Upside
Consensus Rating	Moderate Buy	Moderate 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	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.20% Upside	25.99% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent MELI News	Positive 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
11/13/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$2,400.00 ➝ $2,150.00	+10.19%
11/12/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$2,500.00 ➝ $2,200.00	+11.86%
11/11/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$2,500.00 ➝ $2,450.00	+30.88%
11/7/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$2,250.00 ➝ $2,200.00	+24.96%
11/7/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$2,000.00 ➝ $2,200.00	+21.44%
11/7/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$2,530.00 ➝ $2,300.00	+26.64%
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10/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,200.00 ➝ $2,480.00	+19.69%
10/11/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Lopez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$2,800.00	+37.22%
9/27/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$2,350.00	+11.89%
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%
8/8/2024	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%
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 Sunday at 02:04 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 Thursday, November 21, 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, Inc. has received a consensus rating of "Moderate Buy" from analysts, indicating positive sentiment towards the stock's future performance.
The current stock price is $1,880.00, which is significantly below the consensus target price of $2,269.67, suggesting potential for price appreciation.
With a market capitalization of approximately $95.31 billion, MercadoLibre, Inc. is a major player in the online commerce sector, providing stability and growth potential.
Recent upgrades from major financial institutions, such as Bank of America raising their price target to $2,500.00, reflect strong confidence in the company's growth prospects.
The company has a solid financial position, with a debt-to-equity ratio of 0.78, indicating a manageable level of debt relative to its equity, which can be attractive to investors looking for stability.

MercadoLibre
Bear Case

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

The stock has experienced volatility, with a 52-week high of $2,161.73 and a low of $1,324.99, which may deter risk-averse investors.
Analysts have noted a decrease in price targets from some firms, such as Barclays lowering theirs from $2,500.00 to $2,200.00, which could indicate concerns about future performance.
The company's PE ratio is currently at 66.34, which is relatively high, suggesting that the stock may be overvalued compared to its earnings, potentially leading to a price correction.
Market conditions can be unpredictable, and the online commerce sector is highly competitive, which may pose risks to MercadoLibre, Inc.'s market share and profitability.
The stock's beta of 1.61 indicates higher volatility compared to the market, meaning that it may experience larger price swings, which could be a concern for conservative investors.

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 $2,269.67, with a high forecast of $2,800.00 and a low forecast of $1,685.00.
: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last year. There are currently 2 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MELI shares.
: According to analysts, MercadoLibre's stock has a predicted upside of 13.20% 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 Wedbush in the past 90 days.
: Analysts like MercadoLibre more than other "retail/wholesale" companies. The consensus rating score for MercadoLibre is 2.94 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how MELI compares to other companies.

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This page (NASDAQ:MELI) was last updated on 11/24/2024 by MarketBeat.com Staff

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MercadoLibre (MELI) Stock Forecast & Price Target