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MercadoLibre (MELI) Stock Forecast & Price Target

$1,708.00
+14.43 (+0.85%)
(As of 05/28/2024 ET)

MercadoLibre - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Consensus Price Target

$1,881.92
10.18% Upside
High Forecast$2,180.00
Average Forecast$1,881.92
Low Forecast$1,400.00
TypeCurrent Forecast
5/29/23 to 5/28/24
1 Month Ago
4/29/23 to 4/28/24
3 Months Ago
2/28/23 to 2/28/24
1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
10 Buy rating(s)
6 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$1,881.92$1,790.36$1,815.00$1,480.50
Forecasted Upside10.18% Upside27.17% Upside26.15% Upside29.39% Upside
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MELI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MELI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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MercadoLibre Stock vs. The Competition

TypeMercadoLibreRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.92
2.41
2.49
Consensus RatingModerate BuyHoldHold
Predicted Upside10.87% Upside43.56% Upside10.28% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/24/2024New Street Research
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S. Datta
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DowngradeBuy ➝ Neutral
5/20/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$1,400.00 ➝ $2,100.00+18.78%
5/13/2024Barclays
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 Boost TargetOverweight ➝ Overweight$1,800.00 ➝ $2,000.00+19.48%
5/3/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$1,800.00+7.97%
4/23/2024DZ Bank
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 UpgradeHold ➝ Buy$1,685.00+23.15%
4/17/2024UBS Group
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 Lower TargetBuy ➝ Buy$1,900.00 ➝ $1,800.00+28.77%
3/27/2024Citigroup
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 Lower TargetBuy ➝ Buy$1,990.00 ➝ $1,940.00+28.20%
2/27/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$2,000.00 ➝ $2,150.00+33.95%
2/23/2024Susquehanna
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 Boost TargetPositive ➝ Positive$1,850.00 ➝ $2,000.00+26.18%
11/27/2023Bank of America
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 UpgradeNeutral ➝ Buy$2,000.00+25.06%
8/9/2023The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$1,910.00 ➝ $2,180.00+66.07%
7/31/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$1,730.00 ➝ $1,760.00+43.67%
7/10/2023Wolfe Research
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 Lower Target$1,700.00 ➝ $1,400.00+21.34%
5/4/2023BTIG Research
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 Boost Target$1,400.00 ➝ $1,600.00+25.00%
3/31/2023Morgan Stanley
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 Boost Target$1,620.00 ➝ $1,770.00+39.72%
7/15/2022Stifel Nicolaus
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 Lower Target$1,200.00 ➝ $1,000.00+52.51%
6/6/2022KGI Securities
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 Initiated CoverageOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:13 PM ET.

MELI Frequently Asked Questions

What is MercadoLibre's stock forecast and purchase recommendation?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for MercadoLibre is $1,881.92, with a high forecast of $2,180.00 and a low forecast of $1,400.00. The consensus rating for MercadoLibre stock is Moderate Buy based on the current 1 hold rating and 11 buy ratings for MELI. Learn more on MELI's analyst rating history.

Do Wall Street analysts like MercadoLibre more than its competitors?

Analysts like MercadoLibre more than other "retail/wholesale" companies. The consensus rating for MercadoLibre is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how MELI compares to other companies.

Is MercadoLibre being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, MercadoLibre's stock had 2 upgrades and 1 downgrade by analysts.

Does MercadoLibre's stock price have much upside?

According to analysts, MercadoLibre's stock has a predicted upside of 25.61% based on their 12-month stock forecasts.

What analysts cover MercadoLibre?

MercadoLibre has been rated by research analysts at Barclays, Citigroup, DZ Bank, Jefferies Financial Group, New Street Research, UBS Group, and Wedbush in the past 90 days.


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This page (NASDAQ:MELI) was last updated on 5/28/2024 by MarketBeat.com Staff

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