MercadoLibre - MELI Stock Forecast, Price & News

11 Wall Street 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 analysts is that investors should "buy" MELI shares.
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11 analysts have issued twelve-month price objectives for MercadoLibre's stock. Their MELI share price forecasts range from $970.00 to $1,750.00. On average, they anticipate the company's share price to reach $1,291.50 in the next year. This suggests a possible upside of 8.8% from the stock's current price.
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MercadoLibre's stock was trading at $846.24 on January 1st, 2023. Since then, MELI shares have increased by 40.3% and is now trading at $1,187.25.
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MercadoLibre saw a decrease in short interest in January. As of January 15th, there was short interest totaling 821,700 shares, a decrease 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. Approximately 1.9% of the shares of the stock are short sold.
View MercadoLibre's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our MELI earnings forecast.

MercadoLibre, Inc. (NASDAQ:MELI) announced its quarterly earnings data on Thursday, November, 4th. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.65. The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.89 billion. MercadoLibre had a net margin of 2.80% and a trailing twelve-month return on equity of 17.11%. The company's revenue was up 66.5% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS.

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 many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (12.18%), International Assets Investment Management LLC (0.80%), Sumitomo Mitsui Trust Holdings Inc. (0.73%), Fisher Asset Management LLC (0.50%), Allspring Global Investments Holdings LLC (0.46%) and Sustainable Growth Advisers LP (0.42%). 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 $1,187.25.

MercadoLibre (NASDAQ:MELI) has a market capitalization of $59.71 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.

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.