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Saudi Aramco's profits already $88B as oil prices stay high
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A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Boredom, loneliness plague Ukrainian youth near front line
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Average US gasoline price falls 45 cents to $4.10 per gallon
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Boredom, loneliness plague Ukrainian youth near front line
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Average US gasoline price falls 45 cents to $4.10 per gallon
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Boredom, loneliness plague Ukrainian youth near front line
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Is AMC Entertainment Pulling a Fast One on the APEs?
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Average US gasoline price falls 45 cents to $4.10 per gallon
A Full Year Of Recommended Stock Picks Now 60% Off (Ad)
NASDAQ:MELI

MercadoLibre - MELI Stock Forecast, Price & News

$1,081.08
+48.61 (+4.71%)
(As of 08/12/2022 09:15 PM ET)
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Compare
Today's Range
$1,042.66
$1,083.59
50-Day Range
$612.70
$1,081.08
52-Week Range
$600.68
$1,970.13
Volume
508,900 shs
Average Volume
680,551 shs
Market Capitalization
$54.42 billion
P/E Ratio
228.56
Dividend Yield
N/A
Price Target
$1,388.18

MercadoLibre MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
28.4% Upside
$1,388.18 Price Target
Short Interest
Healthy
2.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.00
Upright™ Environmental Score
News Sentiment
0.50mentions of MercadoLibre in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
88.24%
From $7.48 to $14.08 Per Share

Overall MarketRank

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

2.71 out of 5 stars

Retail/Wholesale Sector

54th out of 224 stocks

Business Services, Not Elsewhere Classified Industry

25th 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Credit Suisse Group lifted their price target on MercadoLibre from $1,430.00 to $1,470.00 and gave the company an "outperform" rating in a report on Thursday, August 4th. Barclays reduced their target price on MercadoLibre from $1,500.00 to $1,250.00 and set an "overweight" rating for the company in a report on Thursday, August 4th. Stifel Nicolaus cut their target price on shares of MercadoLibre from $1,200.00 to $1,000.00 in a research note on Friday, July 15th. Citigroup lowered their price objective on shares of MercadoLibre from $1,500.00 to $1,150.00 and set a "buy" rating on the stock in a research report on Thursday, June 9th. Finally, StockNews.com raised MercadoLibre from a "sell" rating to a "hold" rating in a research note 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,388.18.

MercadoLibre Price Performance

Shares of NASDAQ:MELI traded up $48.61 during midday trading on Friday, reaching $1,081.08. The company's stock had a trading volume of 508,900 shares, compared to its average volume of 669,827. The company has a market cap of $54.42 billion, a P/E ratio of 228.56 and a beta of 1.68. MercadoLibre has a fifty-two week low of $600.68 and a fifty-two week high of $1,970.13. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.27 and a current ratio of 1.30. The business's 50 day moving average price is $761.52 and its two-hundred day moving average price is $924.07.

MercadoLibre (NASDAQ:MELI - Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $2.43 earnings per share (EPS) for the quarter, topping 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 previous year, the firm posted $1.37 earnings per share. On average, analysts forecast that MercadoLibre will post 7.48 EPS for the current fiscal year.

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MELI Stock News Headlines

Nasdaq Bear Market: 3 Stocks I'd Buy With No Hesitation
Why MercadoLibre Surged 27.8% in July
MercadoLibre (NASDAQ:MELI) Upgraded to "Hold" by StockNews.com
MercadoLibre (MELI) Stock Gains on Strong Results
See More Headlines
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MELI Company Calendar

Last Earnings
8/03/2022
Today
8/14/2022
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
+28.4%
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
$6.80 per share
Book Value
$31.39 per share

Miscellaneous

Free Float
50,202,000
Market Cap
$54.42 billion
Optionable
Optionable
Beta
1.68

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MELI Stock - Frequently Asked Questions

Should I buy or sell MercadoLibre stock right now?

11 Wall Street equities 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 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 2022?

11 Wall Street research analysts have issued 1-year price objectives for MercadoLibre's shares. Their MELI share price forecasts range from $800.00 to $2,100.00. On average, they predict the company's stock price to reach $1,388.18 in the next twelve months. This suggests a possible upside of 28.4% 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 2022?

MercadoLibre's stock was trading at $1,348.40 at the start of the year. Since then, MELI stock has decreased by 19.8% and is now trading at $1,081.08.
View the best growth stocks for 2022 here
.

When is MercadoLibre's next earnings date?

The company 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) released its quarterly earnings results on Wednesday, August, 3rd. The company reported $2.43 earnings per share (EPS) 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 quarter in the prior year, the company posted $1.37 earnings per share.

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 number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (10.77%), Jennison Associates LLC (3.98%), JPMorgan Chase & Co. (3.29%), Sands Capital Management LLC (2.58%), Franklin Resources Inc. (1.04%) and Sumitomo Mitsui Trust Holdings Inc. (0.73%). 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 $1,081.08.

How much money does MercadoLibre make?

MercadoLibre (NASDAQ:MELI) has a market capitalization of $54.42 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?

The company 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 8/15/2022 by MarketBeat.com Staff

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