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MercadoLibre (MELI) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MELI Stock Forecast

MercadoLibre stock forecast is as follows: an average price target of $2.34K (represents a 37.52% upside from MELI’s last price of $1.70K) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

MELI Price Target

The average price target for MercadoLibre (MELI) is $2.34K based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $2.80K to $1.89K. This represents a potential 37.52% upside from MELI's last price of $1.70K.

MELI Analyst Ratings

Buy

According to 17 Wall Street analysts, MercadoLibre's rating consensus is 'Buy'. The analyst rating breakdown for MELI stock is 0 'Strong Buy' (0.00%), 13 'Buy' (76.47%), 4 'Hold' (23.53%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

MercadoLibre Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 22, 2024Joao Pedro SoaresCitigroup$2.48K$2.08K19.10%45.79%
Oct 11, 2024Gonzalo LopezRedburn Partners$2.80K$2.07K35.39%64.60%
Sep 26, 2024Josh BeckRaymond James$2.35K$2.10K11.89%38.15%
Sep 12, 2024Robert Ford AgullarBank of America Securities$2.50K$2.10K18.83%46.97%
Aug 28, 2024James FriedmanSusquehanna$2.35K$2.00K17.50%38.15%
Aug 27, 2024Alex WrightJefferies$2.25K$2.05K10.01%32.27%
Aug 06, 2024Trevor YoungBarclays$2.10K$1.78K18.24%23.45%
Jun 27, 2024Marvin FongBTIG$1.89K$1.67K13.13%10.81%
May 20, 2024Alex WrightJefferies$2.10K$1.77K18.86%23.45%
Apr 03, 2024Trevor YoungBarclays$1.80K$1.51K19.01%5.82%
Mar 05, 2024Scott DevittWedbush$2.00K$1.51K32.13%17.57%
Jan 13, 2023BTIG$1.25K$1.08K15.30%-26.81%
Aug 08, 2022J.P. Morgan$1.35K$1.02K31.73%-20.64%
Aug 04, 2022Credit Suisse$1.47K$890.8765.01%-13.58%
Aug 01, 2022Credit Suisse$1.43K$813.7175.74%-15.94%
Jul 15, 2022Scott DevittStifel Nicolaus$1.00K$655.6952.51%-41.21%
Jul 06, 2022New Street$1.10K$721.6152.44%-35.34%
Jun 09, 2022Citigroup$1.15K$824.6239.46%-32.40%
May 12, 2022Goldman Sachs$1.65K$706.21133.64%-3.00%
May 02, 2022Credit Suisse$1.44K$999.0044.14%-15.35%
Jan 18, 2022Scott DevittStifel Nicolaus$1.60K$1.10K45.36%-5.94%
Oct 25, 2021Rodrigo Echagaray RodríguezScotiabank$2.10K$1.54K36.67%23.45%
Oct 08, 2021Gustavo Piras OliveiraUBS$2.10K$1.51K38.96%23.45%
Jul 14, 2021Andrew R. RubenMorgan Stanley$2.26K$1.51K49.97%32.86%
Jun 07, 2021Joao SoaresCitigroup$2.25K$1.33K69.79%32.27%
Apr 15, 2021Irma SgarzGoldman Sachs$2.37K$1.60K48.17%39.32%

The latest MercadoLibre stock forecast, released on Oct 22, 2024 by Joao Pedro Soares from Citigroup, set a price target of $2.48K, which represents a 19.10% increase from the stock price at the time of the forecast ($2.08K), and a 45.79% increase from MELI last price ($1.70K).

MercadoLibre Price Target by Period

1M3M12M
# Anlaysts-311
Avg Price Target-$2.54K$2.24K
Last Closing Price$1.70K$1.70K$1.70K
Upside/Downside-100.00%49.51%31.55%

In the current month, the average price target of MercadoLibre stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MercadoLibre's last price of $1.70K. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024CitigroupBuyBuyHold
Oct 11, 2024SusquehannaBuyBuyHold
Oct 10, 2024Goldman SachsBuyBuyHold
Oct 02, 2024BarclaysOverweightOverweightHold
Sep 20, 2024Morgan StanleyOverweightOverweightHold
Sep 12, 2024Bank of America SecuritiesBuyBuyHold
Aug 27, 2024JefferiesBuyBuyHold
Aug 19, 2024SusquehannaPositivePositiveHold
Aug 15, 2024CitigroupBuyBuyHold
Aug 06, 2024BarclaysOverweightOverweightHold
Aug 05, 2024Morgan StanleyOverweightOverweightHold
Aug 02, 2024BTIGBuyBuyHold
Jun 27, 2024BTIGBuyBuyHold
May 24, 2024New StreetBuyNeutralDowngrade
May 20, 2024WedbushBuyBuyHold
May 13, 2024BarclaysOverweightOverweightHold
Apr 24, 2024WedbushBuyBuyHold
Apr 03, 2024BarclaysOverweightOverweightHold
Mar 27, 2024WedbushBuyBuyHold
Mar 27, 2024CitigroupBuyBuyHold
Mar 05, 2024WedbushOutperformOutperformHold
Nov 27, 2023Bank of America SecuritiesBuyUpgrade
Sep 01, 2023UBSBuyNeutralDowngrade
Sep 01, 2023CitigroupBuyOverweightUpgrade
Sep 01, 2023Argus ResearchHoldDowngrade
Sep 01, 2023B. Riley SecuritiesNeutralDowngrade
Sep 01, 2023Raymond JamesOutperformDowngrade
Aug 30, 2023UBSBuyUpgrade
Aug 07, 2023BarclaysOverweightOverweightHold
Jan 13, 2023BTIGBuyBuyHold
Aug 04, 2022BarclaysOverweightOverweightHold
Aug 01, 2022Credit SuisseOutperformOutperformHold
Jul 06, 2022New StreetBuyBuyHold
Jun 24, 2022Morgan StanleyOverweightOverweightHold
Jun 09, 2022CitigroupBuyBuyHold
May 12, 2022Goldman SachsBuyBuyHold
May 02, 2022Credit SuisseOutperformOutperformHold
Feb 25, 2022BradescoOutperformUpgrade
Feb 22, 2022Credit SuisseOutperformOutperformHold
Jan 22, 2021HSBCBuyBuyHold
Oct 26, 2020JefferiesBuyBuyHold

MercadoLibre's last stock rating was published by Citigroup on Oct 22, 2024. The company gave MELI a "Buy" rating, the same as its previous rate.

MercadoLibre Financial Forecast

MercadoLibre Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$3.42B$3.42B$3.04B$3.00B$2.69B$2.60B$2.25B$2.13B$1.86B$1.70B$1.38B$1.33B$1.12B$878.37M$652.09M$674.27M$603.03M
Avg Forecast$8.26B$7.55B$7.11B$6.38B$7.06B$6.42B$5.99B$5.39B$5.79B$5.28B$4.64B$3.84B$4.14B$3.57B$3.27B$2.89B$2.96B$2.71B$2.51B$2.04B$2.02B$1.87B$1.49B$1.16B$1.22B$983.86M$740.98M$632.50M$666.64M$588.96M
High Forecast$8.58B$7.84B$7.38B$6.63B$7.33B$6.67B$6.22B$5.56B$5.95B$5.42B$4.64B$3.84B$4.33B$3.83B$3.40B$3.00B$3.08B$2.71B$2.51B$2.04B$2.02B$1.87B$1.49B$1.16B$1.22B$983.86M$740.98M$632.50M$666.64M$588.96M
Low Forecast$7.85B$7.17B$6.76B$6.06B$6.71B$6.10B$5.69B$5.16B$5.56B$5.14B$4.64B$3.83B$3.92B$3.42B$3.11B$2.74B$2.82B$2.71B$2.51B$2.04B$2.02B$1.87B$1.49B$1.16B$1.22B$983.86M$740.98M$632.50M$666.64M$588.96M
# Analysts4444333573445109988889999910101099
Surprise %-------------0.96%1.04%1.05%1.01%0.99%1.04%1.10%1.05%0.99%1.14%1.18%1.09%1.13%1.19%1.03%1.01%1.02%

MercadoLibre's average Quarter revenue forecast for Dec 23 based on 5 analysts is $4.14B, with a low forecast of $3.92B, and a high forecast of $4.33B. MELI's average Quarter revenue forecast represents a 21.10% increase compared to the company's last Quarter revenue of $3.42B (Sep 23).

MercadoLibre EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333573445109988889999910101099
EBITDA-------------$685.00M$874.00M$627.00M$594.00M$458.00M$396.00M$254.00M$78.40M$222.76M$224.35M$139.24M$20.15M$105.43M$138.97M$28.45M$-20.98M$-32.93M
Avg Forecast$743.21M$679.14M$639.46M$573.94M$634.80M$577.56M$538.86M$484.54M$520.57M$474.72M$417.18M$317.11M$372.45M$321.32M$294.17M$288.28M$214.03M$284.17M$263.31M$262.07M$212.59M$196.81M$156.36M$122.19M$128.28M$103.34M$77.83M$30.83M$70.02M$61.86M
High Forecast$771.93M$705.39M$664.17M$596.13M$659.33M$599.88M$559.69M$500.29M$535.57M$487.40M$417.18M$380.53M$389.54M$344.21M$305.54M$345.94M$256.83M$284.17M$263.31M$314.49M$212.59M$196.81M$156.36M$122.19M$128.28M$103.34M$77.83M$36.99M$70.02M$61.86M
Low Forecast$706.27M$645.39M$607.68M$545.42M$603.25M$548.86M$512.08M$464.43M$500.28M$462.03M$417.18M$253.69M$352.65M$307.92M$279.55M$230.62M$171.22M$284.17M$263.31M$209.66M$212.59M$196.81M$156.36M$122.19M$128.28M$103.34M$77.83M$24.66M$70.02M$61.86M
Surprise %-------------2.13%2.97%2.17%2.78%1.61%1.50%0.97%0.37%1.13%1.43%1.14%0.16%1.02%1.79%0.92%-0.30%-0.53%

5 analysts predict MELI's average Quarter EBITDA for Dec 23 to be $372.45M, with a high of $389.54M and a low of $352.65M. This is -45.63% lower than MercadoLibre's previous annual EBITDA (Sep 23) of $685.00M.

MercadoLibre Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333573445109988889999910101099
Net Income-------------$359.00M$262.00M$201.00M$165.00M$129.00M$123.00M$65.00M$-37.58M$95.22M$68.19M$-34.01M$-50.58M$15.04M$55.95M$-21.11M$-54.00M$-146.08M
Avg Forecast$856.42M$794.03M$788.41M$661.30M$637.03M$569.95M$547.23M$377.85M$408.82M$499.25M$432.67M$82.12M$359.70M$293.69M$219.97M$74.65M$-125.86M$122.26M$99.59M$67.87M$53.41M$65.68M$11.87M$-2.02B$7.81M$13.53M$5.51M$-22.87M$-37.41M$-1.78M
High Forecast$899.45M$833.93M$828.02M$694.52M$669.04M$598.59M$574.72M$395.50M$447.69M$500.40M$432.68M$98.54M$450.44M$350.82M$231.02M$89.59M$-100.69M$122.26M$99.59M$81.44M$53.41M$66.95M$11.87M$-1.62B$7.81M$13.53M$5.51M$-18.29M$-37.41M$-1.78M
Low Forecast$801.09M$742.74M$737.48M$618.58M$595.88M$533.13M$511.88M$360.20M$371.00M$498.09M$432.66M$65.70M$287.87M$124.29M$205.76M$59.72M$-151.04M$122.26M$99.59M$54.29M$53.41M$64.41M$11.87M$-2.42B$7.81M$13.53M$5.51M$-27.44M$-37.41M$-1.78M
Surprise %-------------1.22%1.19%2.69%-1.31%1.06%1.24%0.96%-0.70%1.45%5.75%0.02%-6.48%1.11%10.16%0.92%1.44%81.87%

MercadoLibre's average Quarter net income forecast for Dec 23 is $359.70M, with a range of $287.87M to $450.44M. MELI's average Quarter net income forecast represents a 0.20% increase compared to the company's last Quarter net income of $359.00M (Sep 23).

MercadoLibre SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333573445109988889999910101099
SG&A-------------$-245.00M$572.00M$563.00M$556.00M$486.00M$469.00M$700.00M$650.21M$508.54M$440.77M$374.50M$397.17M$308.32M$254.48M$269.07M$319.21M$306.77M
Avg Forecast$2.43B$2.22B$2.09B$1.87B$2.07B$1.89B$1.76B$1.58B$1.70B$1.55B$1.36B$884.37M$1.22B$1.05B$960.68M$803.97M$1.78B$793.91M$735.65M$730.88M$593.93M$549.85M$436.84M$341.39M$358.39M$288.72M$217.45M$291.50M$195.63M$172.84M
High Forecast$2.52B$2.30B$2.17B$1.95B$2.15B$1.96B$1.83B$1.63B$1.75B$1.59B$1.36B$1.06B$1.27B$1.12B$997.81M$964.76M$2.13B$793.91M$735.65M$877.06M$593.93M$549.85M$436.84M$341.39M$358.39M$288.72M$217.45M$349.79M$195.63M$172.84M
Low Forecast$2.31B$2.11B$1.98B$1.78B$1.97B$1.79B$1.67B$1.52B$1.63B$1.51B$1.36B$707.49M$1.15B$1.01B$912.94M$643.18M$1.42B$793.91M$735.65M$584.71M$593.93M$549.85M$436.84M$341.39M$358.39M$288.72M$217.45M$233.20M$195.63M$172.84M
Surprise %--------------0.23%0.60%0.70%0.31%0.61%0.64%0.96%1.09%0.92%1.01%1.10%1.11%1.07%1.17%0.92%1.63%1.77%

MercadoLibre's average Quarter SG&A projection for Sep 23 is $1.05B, based on 10 Wall Street analysts, with a range of $1.01B to $1.12B. The forecast indicates a 83.45% rise compared to MELI last annual SG&A of $572.00M (Jun 23).

MercadoLibre EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4444333573445109988889999910101099
EPS--------------$5.22$4.01$3.28$2.57$2.43$1.30$-0.75$1.92$1.37$-0.68$-1.02$0.28$1.11$-0.44$-1.11$-2.96
Avg Forecast$16.89$15.66$15.55$13.04$12.57$11.24$10.79$7.45$8.06$9.85$8.53$6.10$7.10$5.79$4.34$2.79$2.42$2.41$1.96$1.17$1.05$1.30$0.23$0.03$0.15$0.27$0.11$-0.39$-0.74$-0.04
High Forecast$17.74$16.45$16.33$13.70$13.20$11.81$11.34$7.80$8.83$9.87$8.53$6.10$8.88$6.92$4.56$2.93$2.54$2.41$1.96$1.17$1.05$1.32$0.23$0.03$0.15$0.27$0.11$-0.39$-0.74$-0.04
Low Forecast$15.80$14.65$14.55$12.20$11.75$10.52$10.10$7.10$7.32$9.82$8.53$6.10$5.68$2.45$4.06$2.61$2.26$2.41$1.96$1.17$1.05$1.27$0.23$0.03$0.15$0.27$0.11$-0.39$-0.74$-0.04
Surprise %--------------1.20%1.44%1.36%1.07%1.24%1.11%-0.71%1.48%5.85%-22.57%-6.62%1.05%10.22%1.13%1.50%84.11%

According to 10 Wall Street analysts, MercadoLibre's projected average Quarter EPS for Sep 23 is $5.79, with a low estimate of $2.45 and a high estimate of $6.92. This represents a 10.98% increase compared to MELI previous annual EPS of $5.22 (Jun 23).

MercadoLibre Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
JMIAJumia$4.57$9.0096.94%Buy
PDDPDD$102.42$168.0064.03%Buy
BABAAlibaba Group$87.15$121.7139.66%Buy
MELIMercadoLibre$1.81K$2.34K29.31%Buy
VIPSVipshop$13.41$16.3722.07%Hold
JDJD$37.27$43.4016.45%Buy
WWayfair$50.42$55.8910.85%Buy
CHWYChewy$33.61$33.780.51%Buy
SESea$115.79$99.38-14.17%Buy
GLBEGlobal-e Online$56.82$47.33-16.70%Buy

MELI Forecast FAQ

Is MercadoLibre a good buy?

Yes, according to 17 Wall Street analysts, MercadoLibre (MELI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 76.47% of MELI's total ratings.

What is MELI's price target?

MercadoLibre (MELI) average price target is $2.34K with a range of $1.88K to $2.8K, implying a 37.52% from its last price of $1.7K. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will MercadoLibre stock go up soon?

According to Wall Street analysts' prediction for MELI stock, the company can go up by 37.52% (from the last price of $1.7K to the average price target of $2.34K), up by 64.60% based on the highest stock price target, and up by 10.81% based on the lowest stock price target.

Can MercadoLibre stock reach $3K?

MELI's average twelve months analyst stock price target of $2.34K does not support the claim that MercadoLibre can reach $3K in the near future.

What are MercadoLibre's analysts' financial forecasts?

MercadoLibre's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $24.85B (high $25.78B, low $23.66B), average EBITDA is $2.24B (high $2.32B, low $2.13B), average net income is $2.13B (high $2.24B, low $2B), average SG&A $7.3B (high $7.57B, low $6.95B), and average EPS is $42.05 (high $44.14, low $39.47). MELI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $29.3B (high $30.43B, low $27.85B), average EBITDA is $2.64B (high $2.74B, low $2.5B), average net income is $3.1B (high $3.26B, low $2.9B), average SG&A $8.61B (high $8.94B, low $8.18B), and average EPS is $61.15 (high $64.22, low $57.2).

Did the MELI's actual financial results beat the analysts' financial forecasts?

Based on MercadoLibre's last annual report (Dec 2022), the company's revenue was $10.54B, beating the average analysts forecast of $10.21B by 3.16%. Apple's EBITDA was $1.7B, beating the average prediction of $1.02B by 66.28%. The company's net income was $482M, beating the average estimation of $163.86M by 194.16%. Apple's SG&A was $1.96B, missing the average forecast of $4.04B by -51.51%. Lastly, the company's EPS was $9.57, beating the average prediction of $7.97 by 20.10%. In terms of the last quarterly report (Sep 2023), MercadoLibre's revenue was $3.42B, missing the average analysts' forecast of $3.57B by -4.28%. The company's EBITDA was $685M, beating the average prediction of $321.32M by 113.19%. MercadoLibre's net income was $359M, beating the average estimation of $293.69M by 22.24%. The company's SG&A was $-245M, missing the average forecast of $1.05B by -123.35%. Lastly, the company's EPS was $0, missing the average prediction of $5.79 by -100.00%