MercadoLibre - MELI Stock Forecast, Price & News

7 Wall Street research 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 research analysts is that investors should "buy" MELI shares.
View MELI analyst ratings or view top-rated stocks.

7 equities research analysts have issued twelve-month price objectives for MercadoLibre's stock. Their MELI share price forecasts range from $970.00 to $1,685.00. On average, they predict the company's stock price to reach $1,305.00 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price.
View analysts price targets for MELI or view top-rated stocks among Wall Street analysts.

MercadoLibre's stock was trading at $846.24 at the beginning of 2023. Since then, MELI shares have increased by 40.3% and is now trading at $1,187.28.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our MELI earnings forecast.

MercadoLibre, Inc. (NASDAQ:MELI) issued its earnings results on Thursday, February, 23rd. The company reported $3.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.11 by $1.14. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.96 billion. MercadoLibre had a trailing twelve-month return on equity of 29.09% and a net margin of 4.57%. MercadoLibre's revenue was up 40.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.92) EPS.

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 institutional and retail 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 $1,187.28.

MercadoLibre (NASDAQ:MELI) has a market capitalization of $59.67 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.