MercadoLibre, Inc. (MELI)

NASDAQ: MELI · IEX Real-Time Price · USD
1,582.86
-17.19 (-1.07%)
At close: Jun 24, 2024, 4:00 PM
1,583.01
+0.15 (0.01%)
After-hours: Jun 24, 2024, 5:11 PM EDT
-1.07%
Market Cap 80.25B
Revenue (ttm) 15.77B
Net Income (ttm) 1.13B
Shares Out 50.70M
EPS (ttm) 22.20
PE Ratio 71.30
Forward PE 43.70
Dividend n/a
Ex-Dividend Date n/a
Volume 222,114
Open 1,607.76
Previous Close 1,600.05
Day's Range 1,580.10 - 1,617.84
52-Week Range 1,063.02 - 1,825.00
Beta 1.60
Analysts Strong Buy
Price Target 1,887.50 (+19.25%)
Earnings Date Jul 31, 2024

About MELI

MercadoLibre, Inc. operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websit... [Read more]

Industry Internet Retail
IPO Date Aug 10, 2007
Employees 58,313
Stock Exchange NASDAQ
Ticker Symbol MELI
Full Company Profile

Financial Performance

In 2023, MercadoLibre's revenue was $14.47 billion, an increase of 37.35% compared to the previous year's $10.54 billion. Earnings were $987.00 million, an increase of 104.77%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for MELI stock is "Strong Buy." The 12-month stock price forecast is $1,887.5, which is an increase of 19.25% from the latest price.

Price Target
$1,887.5
(19.25% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Mexico's unbanked population ‘now big enough to count' for fintech companies

An underbanked and heavily cash-based economy offers fertile ground for a trio of fintech-oriented companies offering mobile financial services in Mexico, according to analysts at Susquehanna Financia...

Other symbols: DLONU
18 days ago - Market Watch

MercadoLibre Joins Discussions to Apply for Mexican Banking License

MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico's central bank, finance ministry and banking regulators to ap...

4 weeks ago - PYMNTS

Mercado Libre's Investments in Mexico Propel Earnings

Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its multifaceted business Thur...

7 weeks ago - PYMNTS

MercadoLibre, Inc. Reports First Quarter 2024 Financial Results

Montevideo, May 02, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended March 31, 2024, in a Letter to Share...

7 weeks ago - GlobeNewsWire

MercadoLibre (MELI) stock price analysis ahead of Q1 earnings

MercadoLibre (NASDAQ: MELI) stock price will be in the spotlight on Thursday as investors focus on the company's financial results. It has risen to a high of $1,485 from a low of $1,325, its lowest po...

7 weeks ago - Invezz

MercadoLibre, Inc. to Report First Quarter 2024 Financial Results

Montevideo, April 29, 2024 (GLOBE NEWSWIRE) --    MercadoLibre, Inc. to Report First Quarter 2024 Financial Results MONTEVIDEO, Uruguay; April 29, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:...

7 weeks ago - GlobeNewsWire

Eight stock picks in AI, obesity drugs, e-commerce and other growth areas beyond the S&P 500

It is understandable for U.S. investors to be focused on the largest technology companies that have driven such strong performance for the S&P 500 over the past decade. But learning about strategies t...

Other symbols: ICLRNVOTSM
2 months ago - Market Watch

E-commerce firm MercadoLibre to increase staff by 30% in 2024

Latin American e-commerce giant MercadoLibre plans to increase total staff by 30% in 2024 by hiring some 18,000 people as it seeks to build its business in Mexico and elsewhere, it said on Wednesday.

2 months ago - Reuters

MercadoLibre to hire 6,500 people in Brazil in 2024

Latin American e-commerce giant MercadoLibre is planning to hire 6,500 people in Brazil this year, President Luiz Inacio Lula da Silva's office said on Monday, after he met with the firm's top executi...

2 months ago - Reuters

MercadoLibre to increase investments in Brazil to $4.6 bln in 2024

Latin American e-commerce giant MercadoLibre said on Tuesday it plans to invest a record 23 billion reais ($4.6 billion) in 2024 in Brazil, its main market, a 21.1% increase from 2023.

3 months ago - Reuters

MercadoLibre, Inc. Publishes its 2024 Institutional Presentation for Investors

Montevideo, March 18, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. Publishes its 2024 Institutional Presentation for Investors

3 months ago - GlobeNewsWire

Mercado Libre Investing $2.5 Billion to Bolster Growth in Mexico

Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023.

3 months ago - PYMNTS

E-commerce giant MercadoLibre's 4th-quarter profit stable after tax hit

Latin American e-commerce giant MercadoLibre on Thursday reported a $165 million fourth-quarter net profit, as higher sales were offset by a tax hit, with results flat versus the year-ago period.

4 months ago - Reuters

MercadoLibre, Inc. Reports Fourth Quarter 2023 Financial Results

Montevideo, Feb. 22, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. Reports Fourth Quarter 2023 Financial Results

4 months ago - GlobeNewsWire

MercadoLibre, Inc. to Report Fourth Quarter 2023 Financial Results

Montevideo, Feb. 19, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) ( http://www.mercadolibre.com) announces that it intends to release financial results for its fourth fiscal quarter end...

4 months ago - GlobeNewsWire

Amazon, Mercado Libre may threaten e-commerce competition, Mexican regulator says

Mexican antitrust regulator Cofece on Tuesday said it had identified "possible barriers" to competition in the e-commerce market, with Amazon and Mercado Libre together controlling more than 85% of tr...

Other symbols: AMZN
4 months ago - Reuters

These stocks are poised to lead tech beyond the ‘Magnificent 7'

Many stock investors feared last year that companies with a disruptive impact on technology would continue to underperform, due to higher interest rates and a weaker macroeconomic backdrop. This uncer...

Other symbols: AMDHUBSMU
4 months ago - Market Watch

Final Trades: Fortinet, Toast, Mercado Libre, and Aptiv

The 'Halftime Report' Investment Committee shares their top picks to watch for the second half.

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6 months ago - CNBC Television

‘Smidcap' companies are becoming a big deal. Here's a look at some of the best.

The stocks of long-neglected small companies are finally showing signs of life as the market rally broadens. But these tiny companies still remain vastly undervalued.

6 months ago - Market Watch

Mercado Libre Surpasses Expectations With Strong Q3 Earnings

Latin American eCommerce platform Mercado Libre reported third-quarter earnings that surpassed expectations and showcased its success in the region. The company's income from operations reached a reco...

8 months ago - PYMNTS

MercadoLibre, Inc. Third Quarter 2023 Letter to Shareholders

Net Revenues of $3.8 billion, up 69.1% year-over-year on an FX neutral basis Income from operations of $685 million, with a 18.2% margin $47.3 billion Total Payment Volume, up 121.2% year-over-year on...

8 months ago - GlobeNewsWire

MercadoLibre, Inc. Reports Third Quarter 2023 Financial Results

MONTEVIDEO, Uruguay, Nov. 01, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce and technology company, today reported financ...

8 months ago - GlobeNewsWire

MercadoLibre, Inc. to Report Third Quarter 2023 Financial Results

MONTEVIDEO, Uruguay, Oct. 25, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce and technology company, intends to release fi...

8 months ago - GlobeNewsWire

Pachama Announces Major New Forest Carbon Purchase from Mercado Libre's Regenera América program, Bringing Total Investment to $23.7 Million

SAN FRANCISCO--(BUSINESS WIRE)--Pachama, the technology company on a mission to solve climate change by restoring nature, today announced that it has secured a critical investment from Latin America's...

9 months ago - Business Wire

MercadoLibre Announces Convertible Note Redemption

MONTEVIDEO, Uruguay, Sept. 19, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) today announced that it will redeem all of its outstanding 2.00% Convertible Senior Notes due 2028 on November...

9 months ago - GlobeNewsWire