MercadoLibre (MELI) Stock Forecast & Price Target

$2,014.23

+51.00 (+2.60%)

(As of 10/8/2024 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 16 Analyst Ratings

Sell
0

Hold
2

Buy
14

Based on 16 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 16 analysts, 2 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for MELI.

Consensus Price Target

$2,246.07
11.51% Upside

According to the 16 analysts' twelve-month price targets for MercadoLibre, the average price target is $2,246.07. 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 11.51% from the current price of $2,014.23.

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MELI Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 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	$2,246.07	$2,141.25	$1,922.08	$1,643.21
Forecasted Upside	11.51% Upside	5.48% Upside	12.49% Upside	30.59% 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	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	11.51% Upside	38.31% Upside	7.91% 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
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 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$2,100.00 ➝ $2,500.00	+27.02%
10/2/2024	JPMorgan Chase & Co. 3 of 5 stars		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%
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%
Get the Latest News and Ratings for MELI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for MercadoLibre and its competitors with MarketBeat's FREE daily newsletter.
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%
8/15/2024	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%
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 07:13 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 1, 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. reported strong earnings per share of $10.48 for the quarter, surpassing the consensus estimate by $1.95. This indicates robust financial performance and potential growth.
The company had a net margin of 8.03% and a return on equity of 43.52%, showcasing efficient management of resources and profitability.
Analysts predict MercadoLibre, Inc. to post $35.79 earnings per share for the current fiscal year, indicating a positive outlook for future earnings.
Recent hedge fund activities show continued interest in MercadoLibre, Inc., with institutions like O Dell Group LLC and Belpointe Asset Management LLC increasing their holdings, reflecting confidence in the company's prospects.
Despite trading down slightly, MercadoLibre, Inc.'s stock price remains strong at $2,122.37, suggesting stability and potential for growth.

MercadoLibre
Bear Case

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

Market analysts have recently downgraded MercadoLibre, Inc. from a "buy" rating to a "hold" rating, which may indicate some concerns about the company's future performance.
While the company has shown strong financials, the stock's price-to-earnings ratio of 94.96 may be considered high by some investors, potentially signaling overvaluation.
There is a debt-to-equity ratio of 0.67 for MercadoLibre, Inc., which could raise concerns about the company's leverage and financial risk.
The stock's beta of 1.61 indicates higher volatility compared to the market average, which may not align with risk tolerance for some investors.
Despite positive earnings, the company's revenue growth of 41.5% year-over-year may not be sustainable in the long term, posing a challenge for continued growth.

MELI Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for MercadoLibre is $2,246.07, with a high forecast of $2,530.00 and a low forecast of $1,685.00.
: 16 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, 13 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 11.51% based on their 12-month stock forecasts.
: Over the previous 90 days, MercadoLibre's stock had 1 upgrade and 1 downgrade by analysts.
: MercadoLibre has been rated by research analysts at Bank of America, Barclays, BTIG Research, Cantor Fitzgerald, Citigroup, Dbs Bank, JPMorgan Chase & Co., Morgan Stanley, Raymond James, Susquehanna, and The Goldman Sachs Group 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 10/9/2024 by MarketBeat.com Staff

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