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MercadoLibre (MELI) Stock Forecast, Price Target & Predictions

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MELI Stock Forecast

MercadoLibre stock forecast is as follows: an average price target of $1.99K (represents a 3.57% upside from MELI’s last price of $1.92K) 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 $1.99K 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 $1.00K. This represents a potential 3.57% upside from MELI's last price of $1.92K.

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%29.40%
Oct 11, 2024Gonzalo LopezRedburn Partners$2.80K$2.07K35.39%46.10%
Sep 26, 2024Josh BeckRaymond James$2.35K$2.10K11.89%22.62%
Sep 12, 2024Robert Ford AgullarBank of America Securities$2.50K$2.10K18.83%30.45%
Aug 28, 2024James FriedmanSusquehanna$2.35K$2.00K17.50%22.62%
Aug 27, 2024Alex WrightJefferies$2.25K$2.05K10.01%17.40%
Aug 06, 2024Trevor YoungBarclays$2.10K$1.78K18.24%9.57%
Jun 27, 2024Marvin FongBTIG$1.89K$1.67K13.13%-1.64%
May 20, 2024Alex WrightJefferies$2.10K$1.77K18.86%9.57%
Apr 03, 2024Trevor YoungBarclays$1.80K$1.51K19.01%-6.08%
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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 29.40% increase from MELI last price ($1.92K).

MercadoLibre Price Target by Period

1M3M12M
# Anlaysts1611
Avg Price Target$2.48K$2.46K$2.24K
Last Closing Price$1.92K$1.92K$1.92K
Upside/Downside29.40%28.10%16.76%

In the current month, the average price target of MercadoLibre stock is $2.48K, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 29.40% increase as opposed to MercadoLibre's last price of $1.92K. This month's average price target is up 1.02% compared to last quarter, and up 10.83% 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
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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$8.22B$7.49B$7.03B$6.31B$7.01B$6.42B$6.01B$5.41B$5.80B$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$8.53B$7.78B$7.30B$6.56B$7.29B$6.67B$6.24B$5.59B$5.97B$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$7.88B$7.18B$6.74B$6.05B$6.73B$6.16B$5.76B$5.19B$5.57B$5.14B$4.64B$3.83B$3.92B$3.42B$3.14B$2.77B$2.84B$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
# Analysts4444333563445109988889999910101099
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
# Analysts4444333563445109988889999910101099
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$785.51M$715.88M$671.97M$603.38M$670.54M$614.01M$574.32M$517.29M$554.50M$504.62M$443.45M$317.11M$395.90M$341.55M$312.70M$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$816.07M$743.73M$698.12M$626.85M$696.63M$637.90M$596.66M$534.10M$570.48M$518.10M$443.45M$380.53M$414.07M$365.89M$324.87M$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$753.36M$686.58M$644.47M$578.69M$643.10M$588.88M$550.81M$495.82M$532.89M$491.13M$443.45M$253.69M$374.87M$327.31M$299.90M$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 %-------------2.01%2.80%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 $395.90M, with a high of $414.07M and a low of $374.87M. This is -42.20% 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
# Analysts4444333563445109988889999910101099
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$889.04M$889.12M$882.52M$670.05M$642.43M$601.43M$562.79M$391.85M$430.69M$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$934.01M$934.10M$927.17M$703.94M$674.93M$631.86M$591.26M$410.15M$467.48M$500.40M$432.68M$98.54M$450.44M$350.82M$231.09M$89.59M$-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$841.75M$841.82M$835.58M$634.40M$608.26M$569.44M$532.85M$373.55M$387.40M$498.09M$432.66M$65.70M$287.87M$124.29M$208.27M$59.72M$-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
# Analysts4444333563445109988889999910101099
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$2.41B$2.20B$2.06B$1.85B$2.06B$1.89B$1.76B$1.59B$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$2.51B$2.28B$2.14B$1.93B$2.14B$1.96B$1.83B$1.64B$1.75B$1.59B$1.36B$1.06B$1.27B$1.12B$998.07M$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$1.98B$1.81B$1.69B$1.52B$1.64B$1.51B$1.36B$707.49M$1.15B$1.01B$921.37M$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
# Analysts4444333563445109988889999910101099
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$17.54$17.54$17.41$13.22$12.67$11.86$11.10$7.73$8.50$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$18.42$18.42$18.29$13.89$13.31$12.46$11.66$8.09$9.22$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$16.60$16.60$16.48$12.51$12.00$11.23$10.51$7.37$7.64$9.82$8.53$6.10$5.68$2.45$4.11$2.64$2.29$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
FTCHFarfetch$0.64$32.735014.06%Buy
JMIAJumia$3.72$9.00141.94%Buy
WWayfair$40.75$93.31128.98%Buy
JDJD$35.19$69.1396.45%Buy
BABAAlibaba Group$87.11$153.0275.66%Buy
SESea$113.68$159.7340.51%Buy
PDDPDD$117.68$159.2035.28%Buy
VIPSVipshop$13.26$16.1721.95%Hold
CHWYChewy$32.94$40.0421.55%Buy
GLBEGlobal-e Online$42.74$51.8821.39%Buy
MELIMercadoLibre$1.92K$1.99K3.57%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 $1.98K with a range of $1K to $2.8K, implying a 3.57% from its last price of $1.92K. 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 3.57% (from the last price of $1.92K to the average price target of $1.98K), up by 46.10% based on the highest stock price target, and down by -47.82% based on the lowest stock price target.

Can MercadoLibre stock reach $3K?

MELI's average twelve months analyst stock price target of $1.98K does not support the claim that MercadoLibre can reach $3K in the near future.

What is MercadoLibre's current price target trend?

1 Wall Street analyst forecast a $2.48K price target for MercadoLibre (MELI) this month, up 29.40% from its last price of $1.92K. Compared to the last 3 and 12 months, the average price target increased by 28.10% and increased by 16.76%, respectively.

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 $23.83B), average EBITDA is $2.38B (high $2.47B, low $2.28B), average net income is $2.2B (high $2.31B, low $2.08B), average SG&A $7.3B (high $7.57B, low $7B), and average EPS is $43.37 (high $45.53, low $41.11). MELI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $29.04B (high $30.17B, low $27.85B), average EBITDA is $2.78B (high $2.88B, low $2.66B), average net income is $3.33B (high $3.5B, low $3.15B), average SG&A $8.53B (high $8.86B, low $8.18B), and average EPS is $65.7 (high $69.02, low $62.2).

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 $341.55M by 100.55%. 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%