MercadoLibre (MELI) Stock Forecast & Price Target

$1,676.79 +52.26 (+3.22%)

Closing price 04:00 PM Eastern

Extended Trading

$1,681.69 +4.90 (+0.29%)

As of 07:58 PM Eastern

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MercadoLibre - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
0

Hold
5

Buy
13

Based on 18 Wall Street analysts who have issued ratings for MercadoLibre in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 5 have given a hold rating, and 13 have given a buy rating for MELI.

Consensus Price Target

$2,248.75
34.11% Upside

According to the 18 analysts' twelve-month price targets for MercadoLibre, the average price target is $2,248.75. The highest price target for MELI is $2,800.00, while the lowest price target for MELI is $1,750.00. The average price target represents a forecasted upside of 34.11% from the current price of $1,676.79.

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.

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MELI Analyst Ratings Over Time

Type	Current Forecast 11/2/25 to 11/2/26	1 Month Ago 10/3/25 to 10/3/26	3 Months Ago 8/4/25 to 8/4/26	1 Year Ago 11/2/24 to 11/2/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)	14 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	6 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	$2,248.75	$2,283.13	$2,258.67	$2,796.47
Forecasted Upside	34.11% Upside	34.57% Upside	19.60% Upside	20.08% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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	Consumer Discretionary Companies	Broader Market
Consensus Rating Score	2.72	2.20	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	34.11% Upside	39.67% Upside	14.58% Upside
News Sentiment Rating	Positive News See Recent MELI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/27/2026	BTIG Research 3 of 5 stars	Marvin Fong 1 of 5 stars	Reiterated Rating	Buy	$2,150.00	+28.84%
10/27/2026	Citigroup 4 of 5 stars	Joao Pedro Soares Not Rated	Upgrade	Neutral ➝ Buy	$2,100.00 ➝ $2,050.00	+22.85%
10/12/2026	Cantor Fitzgerald 5 of 5 stars	Deepak Mathivanan 2 of 5 stars	Lower Target	Overweight	$2,300.00 ➝ $2,200.00	+16.41%
10/6/2026	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	James Friedman Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Positive	$2,400.00	+28.99%
9/29/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Hold (C)
9/23/2026	New Street Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Buy	$2,450.00	+35.66%
8/11/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Marcelo Santos Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$1,900.00 ➝ $2,150.00	+13.38%
7/13/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
5/13/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$2,100.00	+38.82%
5/13/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Kaio Prato Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$2,050.00 ➝ $1,750.00	+16.63%
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5/11/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Andrew Ruben Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$2,600.00 ➝ $2,450.00	+55.16%
5/11/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Trevor Young Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$2,500.00 ➝ $2,300.00	+40.89%
5/8/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$2,000.00	+22.51%
5/8/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings	Fawne Jiang Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$2,780.00 ➝ $2,380.00	+45.86%
5/8/2026	Daiwa Securities Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold	$1,800.00	+10.40%
5/7/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Hector Maya Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Sector Outperform	$3,500.00 ➝ $2,800.00	+50.72%
4/7/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Alex Wright Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Buy	$2,800.00 ➝ $2,600.00	+52.01%
2/25/2026	Itau BBA Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Outperform
2/25/2026	Wedbush Subscribe to MarketBeat All Access to unlock brokerage rankings	Scott Devitt Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$2,600.00 ➝ $2,400.00	+24.83%
12/2/2025	Dbs Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Moderate Buy
2/21/2025	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Robert Ford Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$2,500.00 ➝ $3,000.00	+42.15%

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

Should I Buy MercadoLibre Stock? MELI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, October 31, 2026. Please send any questions or comments about these MercadoLibre pros and cons to contact@marketbeat.com.

MercadoLibre
Bull Case

Here are some ways that investors could benefit from investing in MercadoLibre, Inc.:

The stock is currently trading at $1,624.53, which is significantly below the consensus price target of $2,251.88 set by analysts, suggesting substantial upside potential for investors who believe the recent decline is an overreaction.
MercadoLibre, Inc. reported strong third-quarter earnings on August 6, 2026, with revenue of $10.17 billion, beating analyst expectations of $9.79 billion and representing a 49.8% year-over-year increase, demonstrating robust growth momentum.
Citigroup recently upgraded the stock to a Buy rating, indicating that institutional investors view the recent price weakness as an opportunity to improve the risk-reward profile of the investment.
The company is expanding its Mercado Ads division, including a planned partnership with Netflix, which could diversify revenue streams and improve monetization across its ecosystem beyond traditional e-commerce.
Institutional interest remains high, with 87.62% of the stock owned by institutional investors and hedge funds, and recent filings show new positions being acquired by major firms like BlackRock and Jupiter Topco LLC.

MercadoLibre
Bear Case

Investors should be bearish about investing in MercadoLibre, Inc. for these reasons:

The stock has experienced a significant decline, dropping approximately 10% in a single week following political developments in Latin America, specifically Lula's surprise win, which introduces geopolitical risk to the company's operations.
Valuation concerns persist, with a P/E ratio of 44.18, leading some analysts to argue that the stock may look expensive relative to the profits currently supporting its share price, despite its rapid growth.
Zacks Research has warned that MercadoLibre, Inc. does not possess the ideal combination of factors for a likely earnings beat in its upcoming November 4 report, suggesting caution regarding near-term performance.
The company's short-term investments have led to lower-than-expected profits in the short run, as noted in recent analysis, which may pressure margins and earnings growth in the immediate term.
The stock is trading well below its 50-day moving average of $1,846.59 and 200-day moving average of $1,818.52, indicating a strong downward trend that may continue if the market remains bearish on the company's outlook.

MELI Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for MercadoLibre is $2,248.75, with a high forecast of $2,800.00 and a low forecast of $1,750.00.

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MercadoLibre in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MELI shares.

According to analysts, MercadoLibre's stock has a predicted upside of 34.11% based on their 12-month stock forecasts.

Over the previous 90 days, MercadoLibre's stock had 1 upgrade by analysts.

MercadoLibre has been rated by research analysts at BTIG Research, Cantor Fitzgerald, Citigroup, JPMorgan Chase & Co., New Street Research, Susquehanna, and Weiss Ratings in the past 90 days.

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

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MarketBeat monitors more than a dozen sources for MercadoLibre analyst ratings, with the most recent rating issued on 10/27/2026.

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MercadoLibre (MELI) Stock Forecast & Price Target

MercadoLibre - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

MELI Analyst Ratings Over Time

MELI Analyst Recommendations By Month

MELI Price Targets by Month

MercadoLibre Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy MercadoLibre Stock? MELI Pros and Cons Explained

MercadoLibre
Bull Case

MercadoLibre
Bear Case

MELI Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

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Brokerages With MercadoLibre Recommendations

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MercadoLibre (MELI) Stock Forecast & Price Target

MercadoLibre - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

MELI Analyst Ratings Over Time

MELI Analyst Recommendations By Month

MELI Price Targets by Month

MercadoLibre Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy MercadoLibre Stock? MELI Pros and Cons Explained

MercadoLibre Bull Case

MercadoLibre Bear Case

MELI Forecast - Frequently Asked Questions

What is MercadoLibre's forecast for 2027?

Should I buy or sell MercadoLibre stock right now?

Does MercadoLibre's stock price have much upside?

Has MercadoLibre been upgraded by Wall Street analysts recently?

What analysts cover MercadoLibre?

Do Wall Street analysts like MercadoLibre more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With MercadoLibre Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

MercadoLibre
Bull Case

MercadoLibre
Bear Case