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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
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3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI

MercadoLibre (MELI) Stock Price, News & Analysis

$1,397.88
-18.00 (-1.27%)
(As of 04/16/2024 ET)
Today's Range
$1,396.70
$1,419.85
50-Day Range
$1,397.88
$1,817.98
52-Week Range
$1,063.02
$1,825.00
Volume
364,693 shs
Average Volume
386,572 shs
Market Capitalization
$70.87 billion
P/E Ratio
71.54
Dividend Yield
N/A
Price Target
$1,806.15

MercadoLibre MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
29.2% Upside
$1,806.15 Price Target
Short Interest
Healthy
1.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.48
Upright™ Environmental Score
News Sentiment
0.96mentions of MercadoLibre in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
39.45%
From $35.89 to $50.05 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.

4.90 out of 5 stars

Retail/Wholesale Sector

10th out of 196 stocks

Business Services, Not Elsewhere Classified Industry

4th 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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How to Invest in MercadoLibre (MELI)
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MELI Apr 2024 1455.000 put
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
4/16/2024
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
15,638
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$1,806.15
High Stock Price Target
$2,180.00
Low Stock Price Target
$1,300.00
Potential Upside/Downside
+29.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$987 million
Pretax Margin
10.73%

Debt

Sales & Book Value

Annual Sales
$14.47 billion
Cash Flow
$28.93 per share
Book Value
$60.74 per share

Miscellaneous

Free Float
50,651,000
Market Cap
$70.87 billion
Optionable
Optionable
Beta
1.44

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Should I Buy MercadoLibre Stock? MELI Pros and Cons Explained

Pros

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

  • MercadoLibre stock has shown a consistent upward trend, trading up recently.
  • MercadoLibre operates online commerce platforms, providing exposure to the growing e-commerce industry.
  • The company offers a FinTech platform, Mercado Pago, facilitating online transactions and payments.
  • MercadoLibre has a diverse range of services including investment options, loans, and logistics solutions.
  • The company's revenue has been increasing, indicating growth potential.

Cons

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

  • The company's stock price can be volatile, subjecting investors to market fluctuations.
  • Competition in the e-commerce and FinTech sectors is intense, potentially impacting MercadoLibre's market share.
  • High P/E ratio of 76.94 may indicate overvaluation compared to industry peers.
  • Missed earnings estimates in the past could lead to investor uncertainty about future performance.
  • Debt-to-equity ratio of 0.72 may raise concerns about the company's financial leverage.
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 Wednesday, April 10, 2024. Please send any questions or comments about these MercadoLibre pros and cons to contact@marketbeat.com.

MELI Stock Analysis - Frequently Asked Questions

Should I buy or sell MercadoLibre stock right now?

11 Wall Street equities 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 equities 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 twelve-month price targets for MercadoLibre's shares. Their MELI share price targets range from $1,300.00 to $2,180.00. On average, they predict the company's share price to reach $1,806.15 in the next twelve months. This suggests a possible upside of 29.2% 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 shares have decreased by 11.1% and is now trading at $1,397.88.
View the best growth stocks for 2024 here
.

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 quarterly earnings results on Thursday, February, 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.66 by $3.41. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. MercadoLibre had a net margin of 6.82% and a trailing twelve-month return on equity of 39.07%. The company's revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the company earned $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 many different institutional and retail investors. Top institutional investors include Perpetual Ltd (0.31%), AMF Tjanstepension AB (0.05%), Sarasin & Partners LLP (0.03%), Annex Advisory Services LLC (0.01%), Congress Park Capital LLC (0.01%) and Centre Asset Management LLC (0.01%). 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 4/17/2024 by MarketBeat.com Staff

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