MercadoLibre (MELI) Stock Forecast & Price Target

$1,651.69

+26.54 (+1.63%)

(As of 07/26/2024 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

Buy
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for MercadoLibre in the last 12 months, the stock has a consensus rating of "Buy." Out of the 13 analysts, 1 has given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for MELI.

Consensus Price Target

$1,922.08
16.37% Upside

High Forecast	$2,180.00
Average Forecast	$1,922.08
Low Forecast	$1,650.00

According to the 13 analysts' twelve-month price targets for MercadoLibre, the average price target is $1,922.08. The highest price target for MELI is $2,180.00, while the lowest price target for MELI is $1,650.00. The average price target represents a forecasted upside of 16.37% from the current price of $1,651.69.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 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)	11 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$1,922.08	$1,881.92	$1,790.36	$1,524.50
Forecasted Upside	16.37% Upside	25.61% Upside	27.17% Upside	27.89% 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.

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.

MercadoLibre Stock vs. The Competition

Type	MercadoLibre	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	3.00	2.45	2.50
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	16.37% Upside	52.26% Upside	9.09% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/11/2024	Dbs Bank 0 of 5 stars	S. Mittal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/24/2024	New Street Research 4 of 5 stars	S. Datta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
5/20/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Hold ➝ Buy	$1,400.00 ➝ $2,100.00	+18.78%
5/13/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$1,800.00 ➝ $2,000.00	+19.48%
5/3/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$1,800.00	+7.97%
4/23/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$1,685.00	+23.15%
Get the Latest News and Ratings for MELI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for MercadoLibre and its competitors with MarketBeat's FREE daily newsletter.
4/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$1,900.00 ➝ $1,800.00	+28.77%
3/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$1,990.00 ➝ $1,940.00	+28.20%
2/27/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$2,000.00 ➝ $2,150.00	+33.95%
2/23/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$1,850.00 ➝ $2,000.00	+26.18%
11/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$2,000.00	+25.06%
8/9/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$1,910.00 ➝ $2,180.00	+66.07%
7/31/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$1,730.00 ➝ $1,760.00	+43.67%
7/10/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$1,700.00 ➝ $1,400.00	+21.34%
5/4/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$1,400.00 ➝ $1,600.00	+25.00%
3/31/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$1,620.00 ➝ $1,770.00	+39.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:30 AM ET.

MELI Forecast - Frequently Asked Questions

What is MercadoLibre's forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for MercadoLibre is $1,922.08, with a high forecast of $2,180.00 and a low forecast of $1,650.00.
Should I buy or sell MercadoLibre stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last year. There is currently 1 hold rating, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MELI shares.
Does MercadoLibre's stock price have much upside?: According to analysts, MercadoLibre's stock has a predicted upside of 27.02% based on their 12-month stock forecasts.
Has MercadoLibre been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, MercadoLibre's stock had 2 upgrades and 1 downgrade by analysts.
What analysts cover MercadoLibre?: MercadoLibre has been rated by research analysts at Barclays, Dbs Bank, Jefferies Financial Group, New Street Research, and Wedbush in the past 90 days.
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 Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how MELI compares to other companies.