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NASDAQ:MELI

MercadoLibre - MELI Stock Forecast, Price & News

$1,180.79
-0.90 (-0.08%)
(As of 02/1/2023 01:44 PM ET)
Add
Compare
Today's Range
$1,152.48
$1,185.81
50-Day Range
$826.11
$1,221.27
52-Week Range
$600.68
$1,275.82
Volume
235,769 shs
Average Volume
603,646 shs
Market Capitalization
$59.38 billion
P/E Ratio
219.89
Dividend Yield
N/A
Price Target
$1,291.50

MercadoLibre MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
11.2% Upside
$1,291.50 Price Target
Short Interest
Healthy
1.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.48
Upright™ Environmental Score
News Sentiment
0.56mentions of MercadoLibre in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
80.61%
From $8.20 to $14.81 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Retail/Wholesale Sector

151st out of 216 stocks

Business Services, Not Elsewhere Classified Industry

74th out of 100 stocks


MELI stock logo

About MercadoLibre (NASDAQ:MELI) Stock

MercadoLibre, Inc. engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries. The Other Countries segment includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay, and the United States of America. Its products provide a mechanism for buying, selling, and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Montevideo, Uruguay.

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MELI Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
MercadoLibre (MELI) Upgraded to Strong Buy: Here's Why
Better Buy: Shopify vs. MercadoLibre Stock
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
2 Smartest Tech Stocks to Buy in 2023 and Beyond
Mercadolibre (MELI) Posted Strong Growth in Q3
2 Unstoppable Stocks That Could Make a Comeback in 2023
1 Forever Stock With Tons of Upside Potential
3 Top Buys for November
Should You Retain MercadoLibre (MELI) Shares?
Mercadolibre's Earnings Report Blew Everyone's Mind
See More Headlines
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MELI Company Calendar

Last Earnings
11/03/2022
Today
2/01/2023
Next Earnings (Estimated)
2/28/2023
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
9,471
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$1,291.50
High Stock Price Forecast
$1,750.00
Low Stock Price Forecast
$970.00
Forecasted Upside/Downside
+9.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$83.30 million
Pretax Margin
4.54%

Debt

Sales & Book Value

Annual Sales
$7.07 billion
Cash Flow
$6.91 per share
Book Value
$30.97 per share

Miscellaneous

Free Float
50,159,000
Market Cap
$59.38 billion
Optionable
Optionable
Beta
1.53

Social Links


Key Executives

  • Marcos Eduardo GalperinMarcos Eduardo Galperin
    Chairman, President & Chief Executive Officer
  • Daniel RabinovichDaniel Rabinovich
    Chief Operating Officer & Executive Vice President
  • Pedro Dornelles Arnt
    Chief Financial Officer & Executive Vice President
  • Marcelo MelamudMarcelo Melamud
    Chief Accounting Officer & Senior Vice President
  • Jacobo Cohen Imach
    Secretary, Senior Vice President & General Counsel













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 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.

What is MercadoLibre's stock price forecast for 2023?

11 equities research analysts have issued 1-year price targets for MercadoLibre's stock. Their MELI share price forecasts range from $970.00 to $1,750.00. On average, they predict the company's stock price to reach $1,291.50 in the next year. This suggests a possible upside of 9.3% 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 at the beginning of the year. Since then, MELI stock has increased by 39.6% and is now trading at $1,181.69.
View the best growth stocks for 2023 here
.

Are investors shorting MercadoLibre?

MercadoLibre saw a drop in short interest in January. As of January 15th, there was short interest totaling 821,700 shares, a drop of 23.9% from the December 31st total of 1,080,000 shares. Based on an average daily volume of 600,400 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.9% 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 Tuesday, February 28th 2023.
View our MELI earnings forecast
.

How were MercadoLibre's earnings last quarter?

MercadoLibre, Inc. (NASDAQ:MELI) issued its quarterly earnings results on Thursday, November, 3rd. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.31 by $0.25. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.69 billion. MercadoLibre had a net margin of 2.80% and a trailing twelve-month return on equity of 17.11%. The firm's quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 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 a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (12.18%), International Assets Investment Management LLC (0.80%), Sumitomo Mitsui Trust Holdings Inc. (0.73%), Allspring Global Investments Holdings LLC (0.46%), Sustainable Growth Advisers LP (0.42%) and Northcape Capital Pty Ltd (0.30%). 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 $1,181.69.

How much money does MercadoLibre make?

MercadoLibre (NASDAQ:MELI) has a market capitalization of $59.43 billion and generates $7.07 billion in revenue each year. The company earns $83.30 million in net income (profit) each year or $5.37 on an earnings per share basis.

How many employees does MercadoLibre have?

The company employs 9,471 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 2/1/2023 by MarketBeat.com Staff