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.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup lowered their target price on MercadoLibre from $1,500.00 to $1,150.00 and set a "buy" rating on the stock in a report on Thursday, June 9th. Barclays dropped their target price on shares of MercadoLibre from $1,500.00 to $1,250.00 and set an "overweight" rating on the stock in a research report on Thursday, August 4th. JPMorgan Chase & Co. increased their price target on shares of MercadoLibre from $1,300.00 to $1,350.00 in a report on Monday, August 8th. Jefferies Financial Group dropped their price objective on shares of MercadoLibre from $850.00 to $800.00 in a report on Thursday, July 21st. Finally, New Street Research began 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. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,388.18.

MercadoLibre Price Performance

Shares of MELI traded up $48.61 during mid-day trading on Friday, reaching $1,081.08. The company had a trading volume of 508,900 shares, compared to its average volume of 669,827. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.30 and a quick ratio of 1.27. The company has a market capitalization of $54.42 billion, a P/E ratio of 228.56 and a beta of 1.68. MercadoLibre has a twelve month low of $600.68 and a twelve month high of $1,970.13. The company's 50-day moving average is $761.52 and its 200-day moving average is $924.43.

MercadoLibre (NASDAQ:MELI - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $2.43 earnings per share for the quarter, beating 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 business earned $1.37 EPS. On average, equities analysts anticipate that MercadoLibre will post 7.48 EPS for the current year.