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MercadoLibre (MELI) Stock Forecast & Price Target

MercadoLibre logo
$1,930.95 -46.44 (-2.35%)
(As of 09:15 AM 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

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
17.54% 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 17.54% from the current price of $1,930.95.
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MELI Analyst Ratings Over Time

TypeCurrent Forecast
11/15/23 to 11/14/24
1 Month Ago
10/16/23 to 10/15/24
3 Months Ago
8/17/23 to 8/16/24
1 Year Ago
11/15/22 to 11/15/23
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$2,283.00$2,020.00$1,643.21
Forecasted Upside17.54% Upside12.26% Upside2.12% Upside13.91% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Moderate Buy

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.
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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.
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MercadoLibre Stock vs. The Competition

TypeMercadoLibreRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.94
2.51
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside17.54% Upside26.84% Upside8.03% Upside
News Sentiment Rating
Positive News

See Recent MELI News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/13/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$2,400.00 ➝ $2,150.00+10.19%
11/12/2024Barclays
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$2,500.00 ➝ $2,200.00+11.86%
11/11/2024Morgan Stanley
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$2,500.00 ➝ $2,450.00+30.88%
11/7/2024BTIG Research
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 Lower TargetBuy ➝ Buy$2,250.00 ➝ $2,200.00+24.96%
11/7/2024Wedbush
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 Reiterated RatingOutperform$2,000.00 ➝ $2,200.00+21.44%
11/7/2024Cantor Fitzgerald
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D. Mathivanan
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Lower TargetOverweight ➝ Overweight$2,530.00 ➝ $2,300.00+26.64%
10/22/2024Citigroup
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 Boost TargetBuy ➝ Buy$2,200.00 ➝ $2,480.00+19.69%
10/11/2024Redburn Atlantic
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G. Lopez
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Initiated CoverageBuy$2,800.00+37.22%
9/27/2024Raymond James
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 Initiated CoverageOutperform$2,350.00+11.89%
9/12/2024Bank of America
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 Boost TargetBuy ➝ Buy$2,250.00 ➝ $2,500.00+17.68%
8/28/2024Susquehanna
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 Boost TargetPositive ➝ Positive$2,300.00 ➝ $2,350.00+16.14%
8/8/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$2,180.00 ➝ $2,480.00+32.07%
7/11/2024Dbs Bank
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S. Mittal
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UpgradeHold ➝ Strong-Buy
5/24/2024New Street Research
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S. Datta
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DowngradeBuy ➝ Neutral
5/20/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$1,400.00 ➝ $2,100.00+18.78%
4/23/2024DZ Bank
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 UpgradeHold ➝ Buy$1,685.00+23.15%
4/17/2024UBS Group
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 Lower TargetBuy ➝ Buy$1,900.00 ➝ $1,800.00+28.77%
7/31/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$1,730.00 ➝ $1,760.00+43.67%
7/10/2023Wolfe Research
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 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 Thursday at 09:34 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 Saturday, November 9, 2024. Please send any questions or comments about these MercadoLibre pros and cons to contact@marketbeat.com.

MercadoLibre
Bull Case

green Wall Street bull icon

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

  • MercadoLibre, Inc. operates online commerce platforms in the United States, providing a wide reach for potential customers and sellers.
  • The company's Mercado Pago FinTech platform offers convenient and secure payment solutions, attracting more users to its ecosystem.
  • Recent financial data shows a strong annual revenue growth trend, indicating a healthy financial performance.
  • MercadoLibre, Inc. has a low debt-to-equity ratio, which signifies a stable financial structure.
  • The company's return on equity and return on assets metrics demonstrate efficient use of resources and profitability.

MercadoLibre
Bear Case

red Wall Street bear icon

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

  • The stock price of MercadoLibre, Inc. has experienced significant volatility in recent periods, posing risks for investors.
  • Market analysts have mixed consensus ratings on the company, indicating uncertainty about its future performance.
  • While the company has shown growth, the forward price-to-earnings ratio suggests that the stock may be overvalued.
  • MercadoLibre, Inc. faces competition from other e-commerce and fintech companies, which could impact its market share.
  • The company's beta value indicates higher volatility compared to the market average, potentially leading to fluctuations in stock price.

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 twelve months. 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 17.54% 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.


This page (NASDAQ:MELI) was last updated on 11/14/2024 by MarketBeat.com Staff
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