MercadoLibre - MELI Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MELI shares.
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7 Wall Street research analysts have issued 12-month target prices for MercadoLibre's stock. Their MELI share price forecasts range from $970.00 to $1,685.00. On average, they expect the company's share price to reach $1,305.00 in the next year. This suggests a possible upside of 6.9% from the stock's current price.
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MercadoLibre's stock was trading at $846.24 at the start of the year. Since then, MELI shares have increased by 44.2% and is now trading at $1,220.42.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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MercadoLibre, Inc. (NASDAQ:MELI) announced its quarterly earnings results on Thursday, February, 23rd. The company reported $3.25 EPS for the quarter, topping the consensus estimate of $2.11 by $1.14. The business earned $3 billion during the quarter, compared to the consensus estimate of $2.96 billion. MercadoLibre had a net margin of 4.57% and a trailing twelve-month return on equity of 29.09%. The company's revenue was up 40.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.92) earnings per share.

ETFs with the largest weight of MercadoLibre (NASDAQ:MELI) stock in their portfolio include Global X MSCI Argentina ETF (ARGT), FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ), ARK Fintech Innovation ETF (ARKF), Global X Emerging Markets Internet & Ecommerce ETF (EWEB), Emerging Markets Internet & Ecommerce ETF (EMQQ), Global X E-Commerce ETF (EBIZ), Franklin Disruptive Commerce ETF (BUYZ) and Emerge EMPWR Sustainable Global Core Equity ETF (EMZA).

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 retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (12.19%), Morgan Stanley (5.42%), Jennison Associates LLC (4.37%), Sands Capital Management LLC (2.48%), Generation Investment Management LLP (1.41%) and Franklin Resources Inc. (1.11%). Insiders that own company stock include Alejandro Nicolas Aguzin, Emiliano Calemzuk, Henrique Vasoncelos Dubugras, La Serna Juan Martin De and Marcelo Melamud.
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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 $1,220.42.

MercadoLibre (NASDAQ:MELI) has a market capitalization of $61.34 billion and generates $10.54 billion in revenue each year. The company earns $482 million in net income (profit) each year or $9.54 on an earnings per share basis.

The company employs 13,856 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.