MercadoLibre (MELI)
(Delayed Data from NSDQ)
$2,091.16 USD
+50.66 (2.48%)
Updated Oct 11, 2024 04:00 PM ET
After-Market: $2,091.16 0.00 (0.00%) 4:26 PM ET
3-Hold of 5 3
C Value A Growth A Momentum A VGM
MercadoLibre (MELI) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$2,267.33 | $2,530.00 | $1,800.00 | 11.12% |
Price Target
Based on short-term price targets offered by 15 analysts, the average price target for MercadoLibre comes to $2,267.33. The forecasts range from a low of $1,800.00 to a high of $2,530.00. The average price target represents an increase of 11.12% from the last closing price of $2,040.50.
Analyst Price Targets (15)
Broker Rating
MercadoLibre currently has an average brokerage recommendation (ABR) of 1.41 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 16 brokerage firms. The current ABR compares to an ABR of 1.25 a month ago based on 14 recommendations.
Of the 16 recommendations deriving the current ABR, 12 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 75% and 6.25% of all recommendations. A month ago, Strong Buy represented 85.71%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 12 | 12 | 12 | 11 | 11 |
Buy | 1 | 1 | 0 | 0 | 0 |
Hold | 3 | 3 | 2 | 2 | 2 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.41 | 1.41 | 1.25 | 1.27 | 1.27 |
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 |
---|---|---|---|---|
9/26/2024 | Not Identified | Not Identified | Not Available | Moderate Buy |
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 | BTIG | Marvin Fong | Strong Buy | Strong Buy |
8/2/2024 | Wedbush Securities | Scott Devitt | 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 |
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 | 1.41 |
ABR (Last week) | 1.41 |
# of Recs in ABR | 16 |
Average Target Price | $2,267.33 |
LT Growth Rate | 43.60% |
Industry | Internet - Commerce |
Industry Rank by ABR | 55 of 252 |
Current Quarter EPS Est: | 11.27 |
MELI FAQs
MercadoLibre, Inc. (MELI) currently has an average brokerage recommendation (ABR) of 1.41 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 16 brokerage firms.
The average price target for MercadoLibre, Inc. (MELI) is $#######. The current on short-term price targets is based on 7 reports.
The forecasts for MercadoLibre, Inc. (MELI) range from a low of $1800 to a high of $2530. The average price target represents a increase of $11.12 from the last closing price of $2040.50.
The current UPSIDE for MercadoLibre, Inc. (MELI) is 11.12%
Based on short-term price targets offered by 15 analysts, the average price target for MercadoLibre comes to $2,267.33. The forecasts range from a low of $1,800.00 to a high of $2,530.00. The average price target represents an increase of 11.12% from the last closing price of $2,040.50.