MercadoLibre - MELI Stock Forecast, Price & News

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

11 brokers have issued 1-year price targets for MercadoLibre's stock. Their MELI share price forecasts range from $800.00 to $2,100.00. On average, they expect the company's stock price to reach $1,388.18 in the next year. This suggests a possible upside of 70.3% from the stock's current price.
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MercadoLibre's stock was trading at $1,348.40 at the start of the year. Since then, MELI stock has decreased by 39.6% and is now trading at $815.01.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MELI earnings forecast.

MercadoLibre, Inc. (NASDAQ:MELI) issued its quarterly earnings data on Wednesday, August, 3rd. The company reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.75. MercadoLibre had a net margin of 2.68% and a trailing twelve-month return on equity of 19.66%. During the same quarter last year, the company posted $1.37 earnings per share.

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.

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).

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

MercadoLibre's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (10.77%), Jennison Associates LLC (3.98%), JPMorgan Chase & Co. (3.29%), Sands Capital Management LLC (2.58%), UBS Asset Management Americas Inc. (1.31%) and Franklin Resources Inc. (1.04%). Insiders that own company stock include Alejandro Nicolas Aguzin, Emiliano Calemzuk, Henrique Vasoncelos Dubugras, La Serna Juan Martin De, Marcelo Melamud and Meyer Malka.
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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.
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One share of MELI stock can currently be purchased for approximately $815.01.

MercadoLibre (NASDAQ:MELI) has a market capitalization of $41.03 billion and generates $7.07 billion in revenue each year. The company earns $83.30 million in net income (profit) each year or $4.73 on an earnings per share basis.

The company employs 9,471 workers across the globe.

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.