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NASDAQ:MELI

MercadoLibre - MELI Stock Forecast, Price & News

$981.55
-42.70 (-4.17%)
(As of 08/9/2022 10:28 AM ET)
Add
Compare
Today's Range
$973.69
$1,019.30
50-Day Range
$612.70
$1,034.83
52-Week Range
$600.68
$1,970.13
Volume
6,055 shs
Average Volume
666,641 shs
Market Capitalization
$49.41 billion
P/E Ratio
207.52
Dividend Yield
N/A
Price Target
$1,388.18

MercadoLibre MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
35.5% Upside
$1,388.18 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.00
Upright™ Environmental Score
News Sentiment
0.45mentions of MercadoLibre in the last 14 days
Based on 37 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
103.37%
From $6.24 to $12.69 Per Share

Overall MarketRank

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

2.97 out of 5 stars

Retail/Wholesale Sector

20th out of 215 stocks

Business Services, Not Elsewhere Classified Industry

9th out of 105 stocks

MELI stock logo

About MercadoLibre (NASDAQ:MELI) Stock

MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.

Analysts Set New Price Targets

Several research firms recently weighed in on MELI. Jefferies Financial Group cut their price objective on MercadoLibre from $850.00 to $800.00 in a report on Thursday, July 21st. New Street Research assumed coverage on MercadoLibre in a research note on Wednesday, July 6th. They issued a "buy" rating and a $1,100.00 price objective on the stock. StockNews.com upgraded shares of MercadoLibre from a "sell" rating to a "hold" rating in a research report on Thursday, August 4th. Credit Suisse Group raised their target price on MercadoLibre from $1,430.00 to $1,470.00 and gave the stock an "outperform" rating in a research note on Thursday, August 4th. Finally, Stifel Nicolaus dropped their price target on MercadoLibre from $1,200.00 to $1,000.00 in a research note on Friday, July 15th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,388.18.

MercadoLibre Stock Performance

MELI Stock opened at $1,024.25 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 1.59. The firm has a market cap of $51.56 billion, a PE ratio of 216.54 and a beta of 1.68. The business has a 50 day moving average of $741.53 and a 200-day moving average of $922.34. MercadoLibre has a 12-month low of $600.68 and a 12-month high of $1,970.13.

MercadoLibre (NASDAQ:MELI - Get Rating) last announced 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 return on equity of 19.66% and a net margin of 2.68%. During the same period in the prior year, the firm posted $1.37 earnings per share. As a group, sell-side analysts expect that MercadoLibre will post 6.24 earnings per share for the current year.

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MELI Stock News Headlines

Why MercadoLibre Surged 27.8% in July
MercadoLibre (NASDAQ:MELI) Upgraded to "Hold" by StockNews.com
MercadoLibre (MELI) Stock Gains on Strong Results
MercadoLibre (MELI) Q2 2022 Earnings Call Transcript
See More Headlines
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MELI Company Calendar

Last Earnings
8/03/2022
Today
8/09/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:MELI
Employees
9,471
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$1,388.18
High Stock Price Forecast
$2,100.00
Low Stock Price Forecast
$800.00
Forecasted Upside/Downside
+41.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$83.30 million
Pretax Margin
4.15%

Debt

Sales & Book Value

Annual Sales
$7.07 billion
Cash Flow
$6.52 per share
Book Value
$30.97 per share

Miscellaneous

Free Float
50,202,000
Market Cap
$49.41 billion
Optionable
Optionable
Beta
1.68

Social Links















MELI Stock - 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 "buy" MELI shares.
View MELI analyst ratings
or view top-rated stocks.

What is MercadoLibre's stock price forecast for 2022?

11 equities research analysts have issued 1-year target prices for MercadoLibre's stock. Their MELI share price forecasts range from $800.00 to $2,100.00. On average, they anticipate the company's stock price to reach $1,388.18 in the next year. This suggests a possible upside of 35.5% from the stock's current price.
View analysts price targets for MELI
or view top-rated stocks among Wall Street analysts.

How has MercadoLibre's stock performed in 2022?

MercadoLibre's stock was trading at $1,348.40 at the start of the year. Since then, MELI shares have decreased by 24.0% and is now trading at $1,024.25.
View the best growth stocks for 2022 here
.

Are investors shorting MercadoLibre?

MercadoLibre saw a decrease in short interest in July. As of July 15th, there was short interest totaling 907,600 shares, a decrease of 16.7% from the June 30th total of 1,090,000 shares. Based on an average trading volume of 682,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.0% of the company's stock are sold short.
View MercadoLibre's Short Interest
.

When is MercadoLibre's next earnings date?

MercadoLibre is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MELI earnings forecast
.

How were MercadoLibre's earnings last quarter?

MercadoLibre, Inc. (NASDAQ:MELI) issued its quarterly earnings results on Wednesday, August, 3rd. The company reported $2.43 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the company earned $1.37 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."

Who are MercadoLibre's major shareholders?

MercadoLibre's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (10.77%), Jennison Associates LLC (3.98%), Sumitomo Mitsui Trust Holdings Inc. (0.73%), Van ECK Associates Corp (0.48%), Nikko Asset Management Americas Inc. (0.45%) and Allspring Global Investments Holdings LLC (0.43%). Insiders that own company stock include Alejandro Nicolas Aguzin, Emiliano Calemzuk, Henrique Vasoncelos Dubugras, La Serna Juan Martin De, Marcelo Melamud and Meyer Malka.
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 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 $1,024.25.

How much money does MercadoLibre make?

MercadoLibre (NASDAQ:MELI) has a market capitalization of $51.60 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.

How many employees does MercadoLibre have?

MercadoLibre employs 9,471 workers across the globe.

When was MercadoLibre founded?

MercadoLibre was founded in 1999.

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 8/9/2022 by MarketBeat.com Staff

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