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NASDAQ:MELI

MercadoLibre (MELI) Stock Forecast, Price & News

$1,236.95
+8.67 (+0.71%)
(As of 09:34 AM ET)
Compare
Today's Range
$1,236.50
$1,238.48
50-Day Range
$1,164.81
$1,436.35
52-Week Range
$754.76
$1,451.56
Volume
8,678 shs
Average Volume
497,608 shs
Market Capitalization
$61.96 billion
P/E Ratio
82.79
Dividend Yield
N/A
Price Target
$1,643.21

MercadoLibre MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
33.8% Upside
$1,643.21 Price Target
Short Interest
Healthy
2.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.48
Upright™ Environmental Score
News Sentiment
1.02mentions of MercadoLibre in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
46.84%
From $20.56 to $30.19 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Retail/Wholesale Sector

28th out of 210 stocks

Business Services, Not Elsewhere Classified Industry

17th out of 86 stocks


MELI stock logo

About MercadoLibre (NASDAQ:MELI) Stock

MercadoLibre, Inc. is a leading e-commerce platform in Latin America, connecting millions of buyers and sellers across 18 countries. The company aims to democratize commerce and financial services, enabling people to buy and sell online quickly. MercadoLibre's primary business is its online marketplace, which offers a wide range of products and services, including electronics, fashion, home and garden, and vehicles. The company also provides various financial services, such as digital payments, credit, and insurance. MercadoLibre's target market is the rapidly growing middle class in Latin America, primarily underserved by traditional financial and retail institutions. Key customers include both individual consumers and small-to-medium-sized businesses. The company is headquartered in Buenos Aires, Argentina, with additional offices in Brazil, Chile, Colombia, Costa Rica, Mexico, Panama, Peru, Uruguay, and the United States. Over the years, MercadoLibre has achieved several key milestones, including becoming the first Latin American company to be listed on the NASDAQ stock exchange in 2007 and reaching a market capitalization of over $100 billion in 2021.

MercadoLibre's leadership team is led by founder and Chief Executive Officer Marcos Galperin. Galperin is a Stanford University graduate who founded MercadoLibre in 1999 as a student. Since then, he has overseen the company's growth into one of the most successful e-commerce platforms in the world. Other key management team members include Pedro Arnt, Chief Financial Officer, who joined MercadoLibre in 2015 from Visa Inc. and has over 20 years of financial and operational experience. 

MercadoLibre has experienced mixed financial growth over the past few years, driven by the mixed market sentiment over adopting e-commerce and digital payments in Latin America. The company has been reporting solid revenues and adequate income. Typically in companies like MercadoLibre, income will be a fraction of revenue due to tight profit margins. The company's founder and CEO, Marcos Galperin, is the largest shareholder, owning approximately 10% of the outstanding shares.

MercadoLibre's market capitalization is around $60 billion. The stock has traded between $600 and $1,329 recently. The price-to-earnings ratio of MercadoLibre is higher than the industry median. The price-to-sales ratio is also above the industry median. The company's price-to-book ratio is significantly higher than the industry median. These high valuation multiples reflect the strong growth prospects of the company.

MercadoLibre's stock has been volatile over the recent past as investors have reacted to news about the company's growth prospects and regulatory challenges. The stock price surged in late 2022 following the company's strong Q3 2022 earnings report, which showed revenue growth of 60% year-over-year. However, the stock price has started to cool amid concerns about regulatory challenges in several of the company's key markets. Despite this volatility, the stock has outperformed the broader market over the long term. 

MercadoLibre operates in the e-commerce and online payments industry, growing rapidly as consumers increasingly shift their online shopping and payment activities. The industry is highly competitive, with major players like Amazon, Alibaba, and PayPal all vying for market share. However, MercadoLibre has established a strong position in several key markets, including Brazil, Mexico, and Argentina. The company's online marketplace is the largest in Latin America, with over 300 million registered users and more than 12 million sellers. The company's online payments platform, MercadoPago, is also growing rapidly, with over 700,000 active merchants and over 130 million registered users.

MercadoLibre has several growth opportunities that could drive future revenue and earnings growth. The company is expanding its presence in several key markets, including Brazil, Mexico, and Argentina, where it already has a strong position. MercadoLibre also expands into new product categories, such as food delivery, logistics, and financial services. The company's online payments platform, MercadoPago, is a crucial driver of growth, as it provides a convenient and secure way for consumers and merchants to make and receive payments online. In addition, MercadoLibre is investing in technology and infrastructure to improve the user experience and drive future growth. The company's recent acquisition of the logistics startup KanguroNet is expected to help it expand its delivery capabilities and enhance the speed and reliability of its logistics network.

While MercadoLibre has strong growth prospects, the company faces risks and challenges that could impact its future performance. One of the most significant risks is regulatory uncertainty in several of the company's key markets, including Brazil, Mexico, and Argentina. Regulation changes or government policies could impact the company's ability to operate in these markets or increase costs. The company also faces intense competition from other e-commerce and online payment providers, which could impact its market share and pricing power. Additionally, the company is vulnerable to economic downturns or other external factors that could affect consumer spending habits.

MELI Price History

MELI Stock News Headlines

Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
MercadoLibre (NASDAQ:MELI) Could Become A Multi-Bagger
2 Reasons MercadoLibre Is the Stock to Watch Now
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
MercadoLibre (NASDAQ:MELI) and Relx (NYSE:RELX) Head-To-Head Review
What's Going On With MercadoLibre Stock?
MercadoLibre Announces Convertible Note Redemption
MercadoLibre Inc.
MercadoLibre: The Best Is Yet To Come
See More Headlines
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MELI Company Calendar

Last Earnings
8/02/2023
Today
10/04/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:MELI
Employees
13,856
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$1,643.21
High Stock Price Forecast
$2,180.00
Low Stock Price Forecast
$1,300.00
Forecasted Upside/Downside
+33.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$482 million
Pretax Margin
10.69%

Debt

Sales & Book Value

Annual Sales
$10.54 billion
Cash Flow
$17.05 per share
Book Value
$36.33 per share

Miscellaneous

Free Float
50,048,000
Market Cap
$61.52 billion
Optionable
Optionable
Beta
1.52

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Key Executives

  • Mr. Marcos Eduardo GalperínMr. Marcos Eduardo Galperín (Age 52)
    Co-Founder, Chairman, CEO & Pres
    Comp: $8.27M
  • Mr. Daniel RabinovichMr. Daniel Rabinovich (Age 45)
    Exec. VP & COO
    Comp: $2.96M
  • Mr. Osvaldo Gimenez (Age 52)
    Fintech Pres
    Comp: $2.67M
  • Mr. Juan Martin De La Serna (Age 56)
    Exec. VP of Corp. Affairs & Pres of Argentina
    Comp: $2.07M
  • Mr. Martin de los Santos (Age 53)
    Sr. VP & CFO
  • Mr. Marcelo MelamudMr. Marcelo Melamud (Age 52)
    Chief Accounting Officer & Sr. VP
  • Mr. Richard M. Cathcart
    Head of Investor Relations
  • Mr. Jacobo Cohen Imach
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Ariel Szarfsztejn (Age 41)
    Exec. VP of Commerce













MELI Stock - Frequently Asked Questions

Should I buy or sell MercadoLibre stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MELI shares.
View MELI analyst ratings
or view top-rated stocks.

What is MercadoLibre's stock price forecast for 2023?

12 brokerages have issued 12-month target prices for MercadoLibre's shares. Their MELI share price forecasts range from $1,300.00 to $2,180.00. On average, they anticipate the company's stock price to reach $1,643.21 in the next year. This suggests a possible upside of 33.8% from the stock's current price.
View analysts price targets for MELI
or view top-rated stocks among Wall Street analysts.

How have MELI shares performed in 2023?

MercadoLibre's stock was trading at $846.24 on January 1st, 2023. Since then, MELI shares have increased by 45.1% and is now trading at $1,228.28.
View the best growth stocks for 2023 here
.

When is MercadoLibre's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MELI earnings forecast
.

How were MercadoLibre's earnings last quarter?

MercadoLibre, Inc. (NASDAQ:MELI) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.13 by $1.03. The business had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.27 billion. MercadoLibre had a net margin of 6.23% and a trailing twelve-month return on equity of 39.07%. MercadoLibre's quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.43 EPS.

What is Marcos Galperín's approval rating as MercadoLibre's CEO?

362 employees have rated MercadoLibre Chief Executive Officer Marcos Galperín on Glassdoor.com. Marcos Galperín has an approval rating of 96% among the company's employees. This puts Marcos Galperín in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MercadoLibre own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MercadoLibre investors own include NVIDIA (NVDA), Shopify (SHOP), Alibaba Group (BABA), Tesla (TSLA), Netflix (NFLX), Block (SQ), PayPal (PYPL), Salesforce (CRM), Trade Desk (TTD) and Walt Disney (DIS).

What is MercadoLibre's stock symbol?

MercadoLibre trades on the NASDAQ under the ticker symbol "MELI."

How do I buy shares of MercadoLibre?

Shares of MELI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MercadoLibre's stock price today?

One share of MELI stock can currently be purchased for approximately $1,228.28.

How much money does MercadoLibre make?

MercadoLibre (NASDAQ:MELI) has a market capitalization of $61.52 billion and generates $10.54 billion in revenue each year. The company earns $482 million in net income (profit) each year or $14.94 on an earnings per share basis.

How many employees does MercadoLibre have?

The company employs 13,856 workers across the globe.

How can I contact MercadoLibre?

MercadoLibre's mailing address is ARIAS 3751 7TH FLOOR, BUENOS AIRES C1, C1430CRG. The official website for the company is www.mercadolibre.com. The company can be reached via phone at (982) 927-2770, via email at investor@mercadolibre.com, or via fax at 54-11-4545-4744.

This page (NASDAQ:MELI) was last updated on 10/4/2023 by MarketBeat.com Staff

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