MercadoLibre, Inc. (MELI)
NASDAQ: MELI · IEX Real-Time Price · USD
1,596.48
-1.12 (-0.07%)
At close: Jul 2, 2024, 4:00 PM
1,596.45
-0.03 (0.00%)
After-hours: Jul 2, 2024, 7:56 PM EDT
MercadoLibre Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for MercadoLibre stock have an average target of 1,888, with a low estimate of 1,350 and a high estimate of 2,180. The average target predicts an increase of 18.23% from the current stock price of 1,596.48.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 20, 2024.
Analyst Ratings
The average analyst rating for MercadoLibre stock from 12 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 6 | 6 | 6 | 6 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 13 | 13 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold → Strong Buy Upgrades $2,100 | Hold → Strong Buy | Upgrades | $2,100 | +31.54% | May 20, 2024 |
| Barclays | Barclays | Buy Maintains $1,800 → $2,000 | Buy | Maintains | $1,800 → $2,000 | +25.28% | May 13, 2024 |
| Wedbush | Wedbush | Buy Reiterates $1,800 | Buy | Reiterates | $1,800 | +12.75% | May 3, 2024 |
| Wedbush | Wedbush | Buy Maintains $2,000 → $1,800 | Buy | Maintains | $2,000 → $1,800 | +12.75% | Apr 24, 2024 |
| UBS | UBS | Strong Buy Maintains $1,900 → $1,800 | Strong Buy | Maintains | $1,900 → $1,800 | +12.75% | Apr 17, 2024 |
Financial Forecast
Revenue This Year
19.53B
from 14.47B
Increased by 34.93%
Revenue Next Year
24.05B
from 19.53B
Increased by 23.17%
EPS This Year
34.96
from 19.46
Increased by 79.67%
EPS Next Year
47.21
from 34.96
Increased by 35.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.5B | 26.5B | 32.4B | 38.4B | 45.3B |
| Avg | 19.5B | 24.1B | 28.8B | 34.8B | 40.3B |
| Low | 16.9B | 20.8B | 24.6B | 29.8B | 33.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 48.6% | 35.9% | 34.7% | 33.3% | 30.0% |
| Avg | 34.9% | 23.2% | 19.9% | 20.8% | 15.7% |
| Low | 16.7% | 6.3% | 2.2% | 3.4% | -5.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 38.85 | 53.36 | 74.94 | 78.65 | 99.96 |
| Avg | 34.96 | 47.21 | 64.58 | 70.25 | 89.66 |
| Low | 31.18 | 38.28 | 48.92 | 61.59 | 78.99 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 99.6% | 52.6% | 58.7% | 21.8% | 42.3% |
| Avg | 79.7% | 35.0% | 36.8% | 8.8% | 27.6% |
| Low | 60.2% | 9.5% | 3.6% | -4.6% | 12.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.