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.

Analysts Set New Price Targets

Several research firms recently weighed in on MELI. Jefferies Financial Group cut their price objective on MercadoLibre from $850.00 to $800.00 in a report on Thursday, July 21st. New Street Research assumed coverage on MercadoLibre in a research note on Wednesday, July 6th. They issued a "buy" rating and a $1,100.00 price objective on the stock. StockNews.com upgraded shares of MercadoLibre from a "sell" rating to a "hold" rating in a research report on Thursday, August 4th. Credit Suisse Group raised their target price on MercadoLibre from $1,430.00 to $1,470.00 and gave the stock an "outperform" rating in a research note on Thursday, August 4th. Finally, Stifel Nicolaus dropped their price target on MercadoLibre from $1,200.00 to $1,000.00 in a research note on Friday, July 15th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,388.18.

MercadoLibre Stock Performance

MELI Stock opened at $1,024.25 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 1.59. The firm has a market cap of $51.56 billion, a PE ratio of 216.54 and a beta of 1.68. The business has a 50 day moving average of $741.53 and a 200-day moving average of $922.34. MercadoLibre has a 12-month low of $600.68 and a 12-month high of $1,970.13.

MercadoLibre (NASDAQ:MELI - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $2.43 earnings per share (EPS) 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 prior year, the firm posted $1.37 earnings per share. As a group, sell-side analysts expect that MercadoLibre will post 6.24 earnings per share for the current year.