MELI - MercadoLibre . - Stock Forecast

Consumer Cyclical - Sector
Coverage Profile Stock analysts Price Targets & Ratings Chart Insider Trading

MELI is currently covered by 14 analysts with an average price target of $2433.15. This is a potential upside of $369.45 (17.9%) from yesterday's end of day stock price of $2063.7.

MercadoLibre .'s activity chart (see below) currently has 279 price targets and 206 ratings on display. The stock rating distribution of MELI is 91.94% BUY and 8.06% HOLD.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 76.49% with an average time for these price targets to be met of 163.22 days.

Highest price target for MELI is $2530, Lowest price target is $1800, average price target is $2433.15.

Most recent stock forecast was given by TOBIAS STINGELIN from CITI on 22-Oct-2024. First documented stock forecast 07-Jun-2013.

Overview

MercadoLibre is a Latin American online commerce company that provides several platforms for businesses, merchants, and individuals to conduct sales and purchases online. The company’s main platform is the Mercado Libre Marketplace, which is an automated online commerce platform that enables sellers to list their merchandise and conduct sales and purchases online. This platform allows users to buy and sell a wide range of products, including electronics, fashion, home appliances, beauty and personal care, and others.

The company also operates the Mercado Pago FinTech platform, which is a financial technology solution platform that facilitates transactions on and off its marketplaces by providing a mechanism that allows users to send and receive payments online. This platform allows users to transfer money through websites or apps, and provides a secure payment system for online transactions.

In addition, MercadoLibre offers several other services, such as Mercado Fondo, which is an investment platform that allows users to invest funds deposited in their Mercado Pago accounts. The company also extends loans to certain merchants and consumers through Mercado Credito, and provides fulfillment and warehousing services for sellers through Mercado Envios logistics solution.

The company provides several other platforms to enhance its offerings, such as Mercado Libre Classifieds, an online classified listing service for motor vehicles, real estate, and services, and Mercado Libre Ads, an advertising platform that enables large retailers and brands to promote their products and services on the internet. Additionally, Mercado Shops is an online storefront solution that enables users to set up, manage, and promote their own digital stores.

History

MercadoLibre was founded in 1999 and is headquartered in Montevideo, Uruguay. It has operations in several Latin American countries, including Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, Peru, Uruguay, and Venezuela.

Currently out of the existing stock ratings of MELI, 57 are a BUY (91.94%), 5 are a HOLD (8.06%).

Analyst name

Rating

Current price target

Potential Upside

Previous price target

Date

Price targets met ratio

Average potential upside

Average Time (Days) For PT To Be Met

Performance score

Buy

$2480

$425.1 (20.69%)

$2200

14 days ago
(22-Oct-2024)

9/13 (69.23%)

$412.18 (19.93%)

194

Buy

$2530

$475.1 (23.12%)

$2530

29 days ago
(07-Oct-2024)

17/20 (85%)

$552.8 (27.96%)

84

Buy

$2400

$345.1 (16.79%)

$2400

1 months 3 days ago
(02-Oct-2024)

7/10 (70%)

$414.25 (20.86%)

188

Buy

$2500

$445.1 (21.66%)

$2100

1 months 3 days ago
(02-Oct-2024)

9/11 (81.82%)

$514.25 (25.90%)

276

Buy

$2500

$445.1 (21.66%)

$1350

1 months 24 days ago
(12-Sep-2024)

2/3 (66.67%)

$359.9 (16.82%)

155

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What is MELI (MercadoLibre .) average time for price targets to be met?

On average it took 163.22 days on average for the stock forecasts to be realized with a an average price target met ratio 76.49

Which analyst has the current highest performing score on MELI (MercadoLibre .) with a proven track record?

SOOMIT DATTA

Which analyst has the most public recommendations on MELI (MercadoLibre .)?

Soomit Datta works at NEW STREET and has 4 price targets and 3 ratings on MELI

Which analyst is the currently most bullish on MELI (MercadoLibre .)?

Rodrigo Echagaray with highest potential upside - $1148.43

Which analyst is the currently most reserved on MELI (MercadoLibre .)?

Gene Munster with lowest potential downside - -$1869.9

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