MercadoLibre, Inc. (MELI)
NASDAQ: MELI · Real-Time Price · USD
2,063.70
+8.80 (0.43%)
Nov 4, 2024, 4:00 PM EST - Market closed
MercadoLibre Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for MercadoLibre stock have an average target of 2,316, with a low estimate of 1,800 and a high estimate of 2,800. The average target predicts an increase of 12.23% from the current stock price of 2,063.70.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MercadoLibre stock from 15 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 7 | 7 | 8 |
| Buy | 5 | 5 | 5 | 4 | 7 | 6 |
| Hold | 1 | 1 | 1 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 11 | 14 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $2,200 → $2,480 | Strong Buy | Maintains | $2,200 → $2,480 | +20.17% | Oct 22, 2024 |
| Redburn Atlantic | Redburn Atlantic | Strong Buy Initiates $2,800 | Strong Buy | Initiates | $2,800 | +35.68% | Oct 11, 2024 |
| Barclays | Barclays | Buy Maintains $2,100 → $2,500 | Buy | Maintains | $2,100 → $2,500 | +21.14% | Oct 2, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades $2,400 | Buy → Hold | Downgrades | $2,400 | +16.30% | Oct 2, 2024 |
| Raymond James | Raymond James | Buy Initiates $2,350 | Buy | Initiates | $2,350 | +13.87% | Sep 27, 2024 |
Financial Forecast
Revenue This Year
20.65B
from 14.47B
Increased by 42.67%
Revenue Next Year
25.66B
from 20.65B
Increased by 24.27%
EPS This Year
38.03
from 19.47
Increased by 95.33%
EPS Next Year
50.53
from 38.03
Increased by 32.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.0B | 29.0B | 34.2B | ||
| Avg | 20.6B | 25.7B | 30.8B | ||
| Low | 16.9B | 22.4B | 26.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 52.3% | 40.5% | 33.3% | ||
| Avg | 42.7% | 24.3% | 20.0% | ||
| Low | 16.7% | 8.3% | 3.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 44.55 | 67.57 | 99.21 | ||
| Avg | 38.03 | 50.53 | 68.60 | ||
| Low | 32.74 | 39.28 | 48.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 128.8% | 77.7% | 96.3% | ||
| Avg | 95.3% | 32.9% | 35.7% | ||
| Low | 68.2% | 3.3% | -4.2% |
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.