MercadoLibre - MELI Stock Forecast, Price & News

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.

Wall Street Analyst Weigh In

MELI has been the subject of several research reports. New Street Research started coverage on shares of MercadoLibre in a research note on Wednesday, July 6th. They issued a "buy" rating and a $1,100.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on MercadoLibre from $1,300.00 to $1,350.00 in a report on Monday, August 8th. Stifel Nicolaus cut their target price on MercadoLibre from $1,200.00 to $1,000.00 in a research note on Friday, July 15th. TheStreet raised MercadoLibre from a "d+" rating to a "c-" rating in a research report on Friday, May 6th. Finally, Credit Suisse Group boosted their price target on shares of MercadoLibre from $1,430.00 to $1,470.00 and gave the company an "outperform" rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,388.18.

MercadoLibre Trading Down 5.3 %

Shares of MercadoLibre stock opened at $997.90 on Thursday. MercadoLibre has a 12-month low of $600.68 and a 12-month high of $1,970.13. The stock has a market capitalization of $50.23 billion, a P/E ratio of 210.97 and a beta of 1.68. The company has a 50-day simple moving average of $775.14 and a 200 day simple moving average of $925.24. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 1.59.

MercadoLibre (NASDAQ:MELI - Get Rating) last issued its quarterly earnings data 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 return on equity of 19.66%. During the same quarter in the previous year, the business earned $1.37 EPS. Research analysts expect that MercadoLibre will post 7.48 earnings per share for the current fiscal year.