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MercadoLibre (MELI) Stock Price, News & Analysis

$1,612.10
-17.22 (-1.06%)
(As of 09:58 AM ET)
Today's Range
$1,600.45
$1,640.00
50-Day Range
$1,500.00
$1,817.98
52-Week Range
$1,063.02
$1,825.00
Volume
96,915 shs
Average Volume
391,306 shs
Market Capitalization
$81.51 billion
P/E Ratio
82.50
Dividend Yield
N/A
Price Target
$1,804.29

MercadoLibre MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
10.7% Upside
$1,804.29 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.48
Upright™ Environmental Score
News Sentiment
0.37mentions of MercadoLibre in the last 14 days
Based on 53 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
44.96%
From $35.30 to $51.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.32 out of 5 stars

Retail/Wholesale Sector

7th out of 204 stocks

Business Services, Not Elsewhere Classified Industry

3rd out of 85 stocks


MELI stock logo

About MercadoLibre Stock (NASDAQ:MELI)

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 Stock Price History

MELI Stock News Headlines

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MELI Mar 2024 1695.000 call
MercadoLibre, Inc. (MLB1D.XC)
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MercadoLibre (NASDAQ:MELI) Shares Gap Down Following Weak Earnings
Wedbush Reaffirms Their Buy Rating on Mercadolibre (MELI)
Why MercadoLibre (MELI) Shares Are Trading Lower Today
Analyst Scoreboard: 6 Ratings For MercadoLibre
Why MercadoLibre Stock Took a Dive Today
Analysts Set MercadoLibre, Inc. (NASDAQ:MELI) PT at $1,752.50
MercadoLibre Stock (NASDAQ:MELI) Insider Trades
Mercadolibre Inc. Q4 Profit misses estimates
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
2/25/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

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 Target
$1,804.29
High Stock Price Target
$2,180.00
Low Stock Price Target
$1,300.00
Potential Upside/Downside
+10.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$482 million
Pretax Margin
12.34%

Debt

Sales & Book Value

Annual Sales
$13.21 billion
Cash Flow
$17.60 per share
Book Value
$36.33 per share

Miscellaneous

Free Float
50,514,000
Market Cap
$82.38 billion
Optionable
Optionable
Beta
1.52

Social Links

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Should I Buy MercadoLibre Stock? MELI Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of MercadoLibre was last updated on Wednesday, February 21, 2024 at 2:56 PM.

Pros

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

  • MercadoLibre operates online commerce platforms in Latin America, tapping into a region with significant growth potential in e-commerce.
  • The company's Mercado Pago FinTech platform provides a robust financial technology solution, facilitating secure online transactions and money transfers.
  • MercadoLibre's diversified offerings, including Mercado Fondo for fund investment and Mercado Credito for extending loans, showcase a well-rounded financial ecosystem.
  • Recent positive market sentiment and analyst ratings on NASDAQ:MELI indicate investor confidence in the company's performance.
  • The stock price of MercadoLibre has shown consistent growth over the past year, reflecting strong market demand and potential for further appreciation.

Cons

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

  • Market competition in the online commerce sector in Latin America is intensifying, potentially impacting MercadoLibre's market share and profitability.
  • Regulatory challenges and changes in financial regulations in Latin American countries could pose risks to MercadoLibre's operations and growth prospects.
  • Fluctuations in currency exchange rates in Latin America may affect MercadoLibre's financial performance and revenue streams.
  • Investing in MercadoLibre involves exposure to emerging market risks, including political instability and economic uncertainties in the region.
  • While the stock price has shown growth, it is important for investors to consider potential market corrections and volatility that could impact their investment in MercadoLibre.














MELI Stock Analysis - Frequently Asked Questions

Should I buy or sell MercadoLibre stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last year. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MELI shares.
View MELI analyst ratings
or view top-rated stocks.

What is MercadoLibre's stock price target for 2024?

11 Wall Street research analysts have issued 1-year target prices for MercadoLibre's shares. Their MELI share price targets range from $1,300.00 to $2,180.00. On average, they expect the company's stock price to reach $1,804.29 in the next twelve months. This suggests a possible upside of 10.7% 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 2024?

MercadoLibre's stock was trading at $1,571.54 at the start of the year. Since then, MELI stock has increased by 3.7% and is now trading at $1,629.32.
View the best growth stocks for 2024 here
.

Are investors shorting MercadoLibre?

MercadoLibre saw a decline in short interest in January. As of January 31st, there was short interest totaling 685,400 shares, a decline of 9.9% from the January 15th total of 760,700 shares. Based on an average daily trading volume, of 363,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.5% of the company's shares are sold short.
View MercadoLibre's Short Interest
.

When is MercadoLibre's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our MELI earnings forecast
.

How were MercadoLibre's earnings last quarter?

MercadoLibre, Inc. (NASDAQ:MELI) posted its earnings results on Thursday, February, 22nd. The company reported $3.25 EPS for the quarter, missing analysts' consensus estimates of $6.66 by $3.41. The firm earned $4.26 billion during the quarter, compared to analysts' expectations of $4.14 billion. MercadoLibre had a trailing twelve-month return on equity of 42.10% and a net margin of 6.82%. The firm's revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter last year, the company posted $3.25 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).

Who are MercadoLibre's major shareholders?

MercadoLibre's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (10.65%), Capital Research Global Investors (5.20%), Jennison Associates LLC (4.22%), WCM Investment Management LLC (2.30%), Capital International Investors (2.05%) and Sands Capital Management LLC (1.82%). Insiders that own company stock include Emiliano Calemzuk, Henrique Vasoncelos Dubugras, La Serna Juan Martin De and Marcelo Melamud.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MELI) was last updated on 2/26/2024 by MarketBeat.com Staff