MercadoLibre (MELI) Stock Forecast & Price Target

$2,105.19

+2.55 (+0.12%)

(As of 02:52 PM 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

Buy
Based on 14 Analyst Ratings

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

Consensus Price Target

$2,182.92
3.69% Upside

High Forecast	$2,530.00
Average Forecast	$2,182.92
Low Forecast	$1,685.00

According to the 14 analysts' twelve-month price targets for MercadoLibre, the average price target is $2,182.92. The highest price target for MELI is $2,530.00, while the lowest price target for MELI is $1,685.00. The average price target represents a forecasted upside of 3.69% from the current price of $2,105.19.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Buy	Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)
Hold	1 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	$2,182.92	$2,045.00	$1,881.92	$1,643.21
Forecasted Upside	3.69% Upside	18.96% Upside	25.61% Upside	30.64% Upside

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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	3.00	2.51	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	3.82% Upside	40.21% Upside	7.94% Upside
News Sentiment Rating	Positive 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
9/12/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$2,250.00 ➝ $2,500.00	+17.68%
9/5/2024	Cantor Fitzgerald 3 of 5 stars	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$2,530.00	+27.03%
8/28/2024	Susquehanna 2 of 5 stars		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%
8/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,000.00 ➝ $2,200.00	+13.13%
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%
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8/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$2,150.00 ➝ $2,400.00	+30.05%
8/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$2,000.00 ➝ $2,100.00	+15.16%
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%
3/31/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$1,620.00 ➝ $1,770.00	+39.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:15 PM ET.

MELI Forecast - Frequently Asked Questions

What is MercadoLibre's forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for MercadoLibre is $2,182.92, with a high forecast of $2,530.00 and a low forecast of $1,685.00.
Should I buy or sell MercadoLibre stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last twelve months. There is currently 1 hold rating, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MELI shares.
Does MercadoLibre's stock price have much upside?: According to analysts, MercadoLibre's stock has a predicted upside of 19.96% based on their 12-month stock forecasts.
Has MercadoLibre been upgraded by Wall Street analysts recently?: Over the previous 90 days, MercadoLibre's stock had 1 upgrade by analysts.
What analysts cover MercadoLibre?: MercadoLibre has been rated by research analysts at Bank of America, Barclays, BTIG Research, Cantor Fitzgerald, Citigroup, Dbs Bank, JPMorgan Chase & Co., Susquehanna, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like MercadoLibre more than its competitors?: Analysts like MercadoLibre more than other "retail/wholesale" companies. The consensus rating for MercadoLibre is Buy while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how MELI compares to other companies.