MercadoLibre - MELI Stock Forecast, Price & News

11 Wall Street 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 analysts is that investors should "buy" MELI shares.
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11 brokers have issued 12 month target prices for MercadoLibre's stock. Their MELI share price forecasts range from $800.00 to $2,100.00. On average, they anticipate the company's share price to reach $1,388.18 in the next twelve months. This suggests a possible upside of 48.7% from the stock's current price.
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MercadoLibre's stock was trading at $1,348.40 at the start of the year. Since then, MELI shares have decreased by 30.8% and is now trading at $933.76.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MELI earnings forecast.

MercadoLibre, Inc. (NASDAQ:MELI) announced its quarterly earnings data on Wednesday, August, 3rd. The company reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.75. The company earned $2.60 billion during the quarter, compared to analyst estimates of $2.47 billion. MercadoLibre had a net margin of 2.68% and a trailing twelve-month return on equity of 19.66%. During the same period last year, the firm earned $1.37 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 retail and institutional investors. Top institutional shareholders include AdvisorNet Financial Inc (0.00%), Moody National Bank Trust Division (0.00%) and Confluence Investment Management LLC (0.00%). 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 $933.76.

MercadoLibre (NASDAQ:MELI) has a market capitalization of $47.00 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.

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.