MercadoLibre, Inc. (NASDAQ:MELI) Stock Has Average Price Target of $2,251.88 According to Analysts

Shares of MercadoLibre, Inc. (NASDAQ:MELI) have received a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $2,248.75.

A number of research analysts have recently commented on the company. New Street Research assumed coverage on MercadoLibre in a research note on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 target price on the stock. Cantor Fitzgerald cut their price objective on shares of MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of MercadoLibre in a research note on Tuesday, September 29th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Susquehanna increased their price objective on shares of MercadoLibre to $2,400.00 and gave the stock a “positive” rating in a research note on Tuesday, October 6th.

More MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Citigroup upgraded MercadoLibre from Neutral to Buy and set a $2,050 price target, implying roughly 22% upside from the referenced price. Although the target was reduced from $2,100, the upgrade signals improving risk-reward following the recent decline. Citigroup upgrades MercadoLibre stock
• Positive Sentiment: BTIG maintained its $2,150 target, while other analysts described the post-election weakness as a buying opportunity. The bullish case rests on MercadoLibre’s strong marketplace growth, rising buyer engagement and logistics expansion. BTIG maintains MercadoLibre price target
• Positive Sentiment: MercadoLibre recently reported record revenue, with quarterly sales up nearly 50% year over year and exceeding analyst expectations. Two Wall Street analysts see potential for gains of up to 50% if the company converts strong revenue growth into improving margins. Wall Street analysts see upside for MercadoLibre
• Neutral Sentiment: The central debate is profitability: e-commerce, fintech and logistics growth remain robust, but margin pressure and MercadoLibre’s premium valuation could limit near-term upside. MercadoLibre marketplace outlook
• Negative Sentiment: President Luiz Inácio Lula da Silva’s election victory overturned expectations for a more market-friendly Brazilian administration. Investors are reassessing potential government spending, tax and interest-rate policies, weighing on Brazil-focused equities, including MELI. Brazilian stocks tumble after Lula election

Hedge Funds Weigh In On MercadoLibre

Institutional investors and hedge funds have recently bought and sold shares of the company. Wedbush Fund Advisers LLC acquired a new position in MercadoLibre during the 2nd quarter worth about $29,000. Twin Lakes Capital Management LLC acquired a new stake in MercadoLibre in the 2nd quarter valued at about $31,000. NBT Bank N.A. acquired a new stake in MercadoLibre in the 3rd quarter valued at about $35,000. Markowski Investments acquired a new stake in MercadoLibre in the 2nd quarter valued at about $36,000. Finally, Byrne Asset Management LLC purchased a new position in shares of MercadoLibre in the 3rd quarter valued at about $40,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,680.51 on Friday. MercadoLibre has a one year low of $1,495.00 and a one year high of $2,428.00. The company’s fifty day moving average price is $1,853.69 and its 200-day moving average price is $1,823.64.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, August 6th. The company reported $9.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.65 by $0.54. The business had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.79 billion. MercadoLibre’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same period in the previous year, the company earned $10.31 EPS. Equities research analysts predict that MercadoLibre will post 38.09 EPS for the current fiscal year.

About MercadoLibre

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.

Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.

MercadoLibre’s financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.