MercadoLibre (MELI)
(Delayed Data from NSDQ)
$1,986.05 USD
-52.13 (-2.56%)
Updated Sep 6, 2024 04:00 PM ET
After-Market: $1,978.59 -7.46 (-0.38%) 7:58 PM ET
3-Hold of 5 3
C Value A Growth B Momentum A VGM
MercadoLibre (MELI) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$2,152.31 | $2,480.00 | $1,685.00 | 5.60% |
Price Target
Based on short-term price targets offered by 13 analysts, the average price target for MercadoLibre comes to $2,152.31. The forecasts range from a low of $1,685.00 to a high of $2,480.00. The average price target represents an increase of 5.6% from the last closing price of $2,038.18.
Analyst Price Targets (13)
Broker Rating
MercadoLibre currently has an average brokerage recommendation (ABR) of 1.25 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms. The current ABR compares to an ABR of 1.27 a month ago based on 13 recommendations.
Of the 14 recommendations deriving the current ABR, 12 are Strong Buy, representing 85.71% of all recommendations. A month ago, Strong Buy represented 84.62%.
Broker Rating Breakdown
![Broker Rating Visualization](https://widget3.zacks.com/images/charts/bar/brokerage/bar/MELI.png)
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 12 | 11 | 11 | 11 | 11 |
Buy | 0 | 0 | 0 | 0 | 0 |
Hold | 2 | 2 | 2 | 3 | 3 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.25 | 1.27 | 1.27 | 1.39 | 1.39 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
9/5/2024 | Cantor Fitzgerald & Co | Deepak Mathivanan | Not Available | Strong Buy |
8/23/2024 | UBS | Kaio Prato | Strong Buy | Strong Buy |
8/19/2024 | Susquehanna Financial Group | James E Friedman | Strong Buy | Strong Buy |
8/15/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
8/8/2024 | Goldman Sachs | Irma Sgarz | Strong Buy | Strong Buy |
8/5/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
8/2/2024 | Wedbush Securities | Scott Devitt | Strong Buy | Strong Buy |
8/2/2024 | BTIG | Marvin Fong | Strong Buy | Strong Buy |
7/11/2024 | Not Identified | Not Identified | Hold | Strong Buy |
5/24/2024 | New Street Research | Soomit Datta | Strong Buy | Hold |
5/20/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.25 |
ABR (Last week) | 1.27 |
# of Recs in ABR | 14 |
Average Target Price | $2,179.29 |
LT Growth Rate | 43.70% |
Industry | Internet - Commerce |
Industry Rank by ABR | 68 of 253 |
Current Quarter EPS Est: | 9.43 |
MELI FAQs
MercadoLibre, Inc. (MELI) currently has an average brokerage recommendation (ABR) of 1.25 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms.
The average price target for MercadoLibre, Inc. (MELI) is $#######. The current on short-term price targets is based on 5 reports.
The forecasts for MercadoLibre, Inc. (MELI) range from a low of $1685 to a high of $2530. The average price target represents a increase of $9.73 from the last closing price of $1986.05.
The current UPSIDE for MercadoLibre, Inc. (MELI) is 9.73%
Based on short-term price targets offered by 13 analysts, the average price target for MercadoLibre comes to $2,152.31. The forecasts range from a low of $1,685.00 to a high of $2,480.00. The average price target represents an increase of 5.6% from the last closing price of $2,038.18.