MercadoLibre - MELI Stock Forecast, Price & News

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.

11 Wall Street research analysts have issued twelve-month price targets for MercadoLibre's stock. Their MELI share price forecasts range from $970.00 to $1,750.00. On average, they predict the company's stock price to reach $1,291.50 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
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MercadoLibre's stock was trading at $846.24 at the beginning of the year. Since then, MELI stock has increased by 38.7% and is now trading at $1,173.81.
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MercadoLibre saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 821,700 shares, a drop of 23.9% from the December 31st total of 1,080,000 shares. Based on an average trading volume of 600,400 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.9% of the company's shares are short sold.
View MercadoLibre's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our MELI earnings forecast.

MercadoLibre, Inc. (NASDAQ:MELI) announced its quarterly earnings results on Thursday, November, 4th. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.65. The business earned $1.86 billion during the quarter, compared to the consensus estimate of $1.89 billion. MercadoLibre had a trailing twelve-month return on equity of 17.11% and a net margin of 2.80%. The business's quarterly revenue was up 66.5% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share.

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 a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (12.18%), International Assets Investment Management LLC (0.80%), Sumitomo Mitsui Trust Holdings Inc. (0.73%), Fisher Asset Management LLC (0.50%), Allspring Global Investments Holdings LLC (0.46%) and Sustainable Growth Advisers LP (0.42%). 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 $1,173.81.

MercadoLibre (NASDAQ:MELI) has a market capitalization of $59.03 billion and generates $7.07 billion in revenue each year. The company earns $83.30 million in net income (profit) each year or $5.37 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.