MercadoLibre, Inc. (MELI)
NASDAQ: MELI · Real-Time Price · USD
1,720.36
+54.36 (3.26%)
At close: Dec 20, 2024, 4:00 PM
1,725.00
+4.64 (0.27%)
After-hours: Dec 20, 2024, 4:58 PM EST
MercadoLibre Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for MercadoLibre stock have an average target of 2,255, with a low estimate of 1,800 and a high estimate of 2,800. The average target predicts an increase of 31.10% from the current stock price of 1,720.36.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 7 | 7 | 8 | 8 | 8 |
| Buy | 5 | 4 | 7 | 6 | 6 | 6 |
| Hold | 1 | 0 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 11 | 14 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $2,480 → $2,450 | Strong Buy | Maintains | $2,480 → $2,450 | +42.41% | Nov 26, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $2,400 → $2,150 | Hold | Maintains | $2,400 → $2,150 | +24.97% | Nov 13, 2024 |
| Barclays | Barclays | Buy Maintains $2,500 → $2,200 | Buy | Maintains | $2,500 → $2,200 | +27.88% | Nov 12, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $2,500 → $2,450 | Buy | Maintains | $2,500 → $2,450 | +42.41% | Nov 11, 2024 |
| BTIG | BTIG | Strong Buy Maintains $2,250 → $2,200 | Strong Buy | Maintains | $2,250 → $2,200 | +27.88% | Nov 7, 2024 |
Financial Forecast
Revenue This Year
20.85B
from 14.47B
Increased by 44.08%
Revenue Next Year
25.79B
from 20.85B
Increased by 23.65%
EPS This Year
34.38
from 19.47
Increased by 76.61%
EPS Next Year
46.27
from 34.38
Increased by 34.56%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 22.0B | 28.3B | 34.9B | |||
| Avg | 20.9B | 25.8B | 31.5B | |||
| Low | 16.9B | 20.9B | 27.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 52.2% | 35.9% | 35.4% | |||
| Avg | 44.1% | 23.7% | 22.2% | |||
| Low | 16.7% | 0.2% | 6.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 41.51 | 54.67 | 77.02 | |||
| Avg | 34.38 | 46.27 | 62.93 | |||
| Low | 30.21 | 37.75 | 48.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 113.2% | 59.0% | 66.5% | |||
| Avg | 76.6% | 34.6% | 36.0% | |||
| Low | 55.2% | 9.8% | 5.3% |
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.