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S&P 500   4,298.86
DOW   33,876.78
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3 EV Stocks You Need To Have On Your Watchlist
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
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Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
3 Mid Caps You Haven't Heard Of But Need To Know About
Why Turkey's currency is crashing after Erdogan got reelected
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
NASDAQ:MELI

MercadoLibre (MELI) Stock Forecast, Price & News

$1,208.55
-1.19 (-0.10%)
(As of 06/9/2023 ET)
Compare
Today's Range
$1,186.11
$1,220.01
50-Day Range
$1,208.29
$1,339.62
52-Week Range
$600.68
$1,365.64
Volume
447,277 shs
Average Volume
486,187 shs
Market Capitalization
$60.68 billion
P/E Ratio
98.98
Dividend Yield
N/A
Price Target
$1,484.50

MercadoLibre MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
22.8% Upside
$1,484.50 Price Target
Short Interest
Healthy
2.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.48
Upright™ Environmental Score
News Sentiment
0.57mentions of MercadoLibre in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
54.74%
From $16.68 to $25.81 Per Share

Overall MarketRank

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

2.27 out of 5 stars

Retail/Wholesale Sector

69th out of 209 stocks

Business Services, Not Elsewhere Classified Industry

38th out of 89 stocks


MELI stock logo

About MercadoLibre (NASDAQ:MELI) Stock

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.

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MELI Stock News Headlines

Even at $2,000+ Per Share, These 3 Stocks Are Deals (MELI)
Sometimes when investors see a share price of $1,000, $2,000 or more, they skip right past it - but these three stocks are ‘high-priced deals.’
2 Tech Mid-Caps Under $10 With Big Upside (MELI)
In the U.S. mid cap space, the 2023 turnaround has been slower - but Wall Street sees these sub-$10 tech stocks running 60% or more over the next 12 months.
"Chilling War Games Show US Forces Crushed" – FOX NEWS
=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
MercadoLibre (MELI) was Up 46% in Q1
MercadoLibre (MELI) Exceeded Expectations in Q1
The Latest Analyst Ratings for MercadoLibre
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation
Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
2 Foreign Stocks to Buy for Grade "A" Growth
What Does MercadoLibre's Debt Look Like?
See More Headlines

MELI Price History

MELI Company Calendar

Last Earnings
5/03/2023
Today
6/09/2023
Next Earnings (Estimated)
8/02/2023
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
13,856
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$1,484.50
High Stock Price Forecast
$1,770.00
Low Stock Price Forecast
$970.00
Forecasted Upside/Downside
+22.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$482 million
Pretax Margin
8.73%

Debt

Sales & Book Value

Annual Sales
$10.54 billion
Cash Flow
$17.60 per share
Book Value
$36.33 per share

Miscellaneous

Free Float
50,163,000
Market Cap
$60.68 billion
Optionable
Optionable
Beta
1.59

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?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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?

7 Wall Street analysts have issued 12-month price objectives for MercadoLibre's stock. Their MELI share price forecasts range from $970.00 to $1,770.00. On average, they anticipate the company's stock price to reach $1,484.50 in the next twelve months. This suggests a possible upside of 22.8% 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 2023. Since then, MELI stock has increased by 42.8% and is now trading at $1,208.55.
View the best growth stocks for 2023 here
.

When is MercadoLibre's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our MELI earnings forecast
.

How were MercadoLibre's earnings last quarter?

MercadoLibre, Inc. (NASDAQ:MELI) issued its earnings results on Wednesday, May, 3rd. The company reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.93. The firm earned $3.04 billion during the quarter, compared to the consensus estimate of $2.88 billion. MercadoLibre had a trailing twelve-month return on equity of 34.92% and a net margin of 5.46%. MercadoLibre's revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned $1.30 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 investors include Baillie Gifford & Co. (12.19%), Jennison Associates LLC (4.35%), Sands Capital Management LLC (2.29%), FMR LLC (1.34%), Generation Investment Management LLP (1.23%) and Franklin Resources Inc. (0.98%). Insiders that own company stock include Alejandro Nicolas Aguzin, 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 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 $1,208.55.

How much money does MercadoLibre make?

MercadoLibre (NASDAQ:MELI) has a market capitalization of $60.68 billion and generates $10.54 billion in revenue each year. The company earns $482 million in net income (profit) each year or $12.21 on an earnings per share basis.

How many employees does MercadoLibre have?

The company employs 13,856 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 6/10/2023 by MarketBeat.com Staff

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