MercadoLibre (MELI) Stock Forecast, Price Target & Predictions
MELI Stock Forecast
MercadoLibre stock forecast is as follows: an average price target of $1.60K (represents a -4.49% downside from MELI’s last price of $1.68K) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.
MELI Price Target
The average price target for MercadoLibre (MELI) is $1.60K based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $2.26K to $1.00K. This represents a potential -4.49% downside from MELI's last price of $1.68K.
MELI Analyst Ratings
According to 16 Wall Street analysts, MercadoLibre's rating consensus is 'Buy'. The analyst rating breakdown for MELI stock is 0 'Strong Buy' (0.00%), 13 'Buy' (81.25%), 3 'Hold' (18.75%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MercadoLibre Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 03, 2024 | Trevor Young | Barclays | $1.80K | $1.51K | 19.01% | 7.31% |
| Mar 05, 2024 | Scott Devitt | Wedbush | $2.00K | $1.51K | 32.13% | 19.24% |
| Jan 13, 2023 | - | BTIG | $1.25K | $1.08K | 15.30% | -25.78% |
| Aug 08, 2022 | - | J.P. Morgan | $1.35K | $1.02K | 31.73% | -19.52% |
| Aug 04, 2022 | - | Credit Suisse | $1.47K | $890.87 | 65.01% | -12.36% |
| Aug 01, 2022 | - | Credit Suisse | $1.43K | $813.71 | 75.74% | -14.75% |
| Jul 15, 2022 | Scott Devitt | Stifel Nicolaus | $1.00K | $655.69 | 52.51% | -40.38% |
| Jul 06, 2022 | - | New Street | $1.10K | $721.61 | 52.44% | -34.42% |
| Jun 09, 2022 | - | Citigroup | $1.15K | $824.62 | 39.46% | -31.44% |
| May 12, 2022 | - | Goldman Sachs | $1.65K | $706.21 | 133.64% | -1.63% |
The latest MercadoLibre stock forecast, released on Apr 03, 2024 by Trevor Young from Barclays, set a price target of $1.80K, which represents a 19.01% increase from the stock price at the time of the forecast ($1.51K), and a 7.31% increase from MELI last price ($1.68K).
MercadoLibre Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 2 |
| Avg Price Target | - | $1.90K | $1.90K |
| Last Closing Price | $1.68K | $1.68K | $1.68K |
| Upside/Downside | -100.00% | 13.27% | 13.27% |
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 $1.68K. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 13, 2024 | Barclays | Overweight | Overweight | Hold |
| Apr 24, 2024 | Wedbush | Buy | Buy | Hold |
| Apr 03, 2024 | Barclays | Overweight | Overweight | Hold |
| Mar 27, 2024 | Wedbush | Buy | Buy | Hold |
| Mar 27, 2024 | Citigroup | Buy | Buy | Hold |
| Mar 05, 2024 | Wedbush | Outperform | Outperform | Hold |
| Nov 27, 2023 | Bank of America Securities | - | Buy | Upgrade |
| Sep 01, 2023 | Citigroup | Buy | Overweight | Upgrade |
| Sep 01, 2023 | UBS | Buy | Neutral | Downgrade |
| Sep 01, 2023 | Raymond James | - | Outperform | Downgrade |
MercadoLibre's last stock rating was published by Barclays on May 13, 2024. The company gave MELI a "Overweight" rating, the same as its previous rate.
MercadoLibre Financial Forecast
MercadoLibre Revenue Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.04B | $3.00B | - | - | $2.25B | $2.13B | $1.86B | $1.70B | $1.38B | $1.33B | $1.12B | $878.37M | $652.09M | $674.27M | $603.03M |
| Avg Forecast | $7.25B | $6.37B | $5.99B | $5.55B | $6.48B | $5.76B | $5.43B | $5.05B | $5.39B | $4.70B | $4.40B | $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 | $7.45B | $6.55B | $6.16B | $5.71B | $6.67B | $5.93B | $5.58B | $5.20B | $5.54B | $4.88B | $4.58B | $4.08B | $4.33B | $3.83B | $3.36B | $2.97B | $3.05B | $2.78B | $2.58B | $2.15B | $2.14B | $1.98B | $1.57B | $1.23B | $1.29B | $1.04B | $782.36M | $667.82M | $703.86M | $621.85M |
| Low Forecast | $6.86B | $6.03B | $5.66B | $5.25B | $6.13B | $5.45B | $5.14B | $4.78B | $5.10B | $4.27B | $4.02B | $3.74B | $3.92B | $3.42B | $3.09B | $2.73B | $2.81B | $2.56B | $2.37B | $1.95B | $1.93B | $1.79B | $1.42B | $1.11B | $1.17B | $939.63M | $707.67M | $604.07M | $636.67M | $562.48M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 4 | 8 | 7 | 10 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.01% | - | - | 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 Jul 23 based on 5 analysts is $3.27B, with a low forecast of $3.09B, and a high forecast of $3.36B. MELI's average Quarter revenue forecast represents a 7.68% increase compared to the company's last Quarter revenue of $3.04B (Mar 23).
MercadoLibre EBITDA Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 4 | 8 | 7 | 10 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $627.00M | $594.00M | - | - | $254.00M | $78.40M | $222.76M | $224.35M | $139.24M | $20.15M | $105.43M | $138.97M | $28.45M | $-20.98M | $-32.93M |
| Avg Forecast | $761.04M | $669.26M | $628.84M | $582.88M | $681.02M | $605.30M | $570.24M | $530.86M | $565.90M | $493.33M | $462.44M | $317.11M | $235.43M | $166.46M | $239.52M | $288.28M | $214.03M | $151.33M | $217.75M | $262.07M | $194.57M | $119.63M | $156.36M | $122.19M | $128.28M | $90.16M | $77.83M | $30.83M | $-16.37M | $-2.25B |
| High Forecast | $782.87M | $688.46M | $646.88M | $599.60M | $700.55M | $622.66M | $586.60M | $546.09M | $582.14M | $512.46M | $481.54M | $380.53M | $282.52M | $199.75M | $287.43M | $345.94M | $256.83M | $181.59M | $261.30M | $314.49M | $233.48M | $143.55M | $165.09M | $129.02M | $135.44M | $108.19M | $82.18M | $36.99M | $-13.10M | $-1.80B |
| Low Forecast | $720.08M | $633.24M | $595.00M | $551.51M | $644.37M | $572.72M | $539.56M | $502.30M | $535.45M | $449.03M | $422.23M | $253.69M | $188.34M | $133.17M | $191.62M | $230.62M | $171.22M | $121.06M | $174.20M | $209.66M | $155.66M | $95.70M | $149.33M | $116.70M | $122.51M | $72.13M | $74.33M | $24.66M | $-19.65M | $-2.70B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.17% | 2.78% | - | - | 0.97% | 0.40% | 1.86% | 1.43% | 1.14% | 0.16% | 1.17% | 1.79% | 0.92% | 1.28% | 0.01% |
5 analysts predict MELI's average Quarter EBITDA for Jul 23 to be $239.52M, with a high of $287.43M and a low of $191.62M. This is -61.80% lower than MercadoLibre's previous annual EBITDA (Mar 23) of $627.00M.
MercadoLibre Net Income Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 4 | 8 | 7 | 10 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $201.00M | $165.00M | - | - | $65.00M | $-37.58M | $95.22M | $68.19M | $-34.01M | $-50.58M | $15.04M | $55.95M | $-21.11M | $-54.00M | $-146.08M |
| Avg Forecast | $897.51M | $810.51M | $716.18M | $653.44M | $653.55M | $656.06M | $587.21M | $463.76M | $542.56M | $509.87M | $418.06M | $82.12M | $-138.45M | $71.16M | $87.94M | $74.65M | $-125.86M | $64.69M | $79.95M | $67.87M | $-114.42M | $51.14M | $811.52M | $-2.02B | $7.81M | $12.86M | $520.31M | $-22.87M | $-42.13M | $-9.99B |
| High Forecast | $930.98M | $840.73M | $742.89M | $677.81M | $677.92M | $680.53M | $609.11M | $481.05M | $562.79M | $549.05M | $445.71M | $98.54M | $-110.76M | $85.39M | $105.53M | $89.59M | $-100.69M | $77.63M | $95.94M | $81.44M | $-91.54M | $61.36M | $973.82M | $-1.62B | $8.38M | $15.43M | $624.37M | $-18.29M | $-33.70M | $-7.99B |
| Low Forecast | $834.72M | $753.81M | $666.08M | $607.73M | $607.83M | $610.16M | $546.13M | $431.32M | $504.60M | $483.06M | $371.99M | $65.70M | $-166.14M | $56.93M | $70.36M | $59.72M | $-151.04M | $51.75M | $63.96M | $54.29M | $-137.31M | $40.91M | $649.22M | $-2.42B | $7.35M | $10.29M | $416.25M | $-27.44M | $-50.56M | $-11.99B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.69% | -1.31% | - | - | 0.96% | 0.33% | 1.86% | 0.08% | 0.02% | -6.48% | 1.17% | 0.11% | 0.92% | 1.28% | 0.01% |
MercadoLibre's average Quarter net income forecast for Jul 23 is $87.94M, with a range of $70.36M to $105.53M. MELI's average Quarter net income forecast represents a -56.25% decrease compared to the company's last Quarter net income of $201.00M (Mar 23).
MercadoLibre SG&A Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 4 | 8 | 7 | 10 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $563.00M | $556.00M | - | - | $700.00M | $650.21M | $508.54M | $440.77M | $374.50M | $397.17M | $308.32M | $254.48M | $269.07M | $319.21M | $306.77M |
| Avg Forecast | $2.13B | $1.87B | $1.76B | $1.63B | $1.90B | $1.69B | $1.59B | $1.48B | $1.58B | $1.38B | $1.29B | $884.37M | $1.95B | $380.01M | $-87.94M | $803.97M | $1.78B | $345.46M | $-79.95M | $730.88M | $1.61B | $273.09M | $436.84M | $341.39M | $358.39M | $263.68M | $217.45M | $291.50M | $249.06M | $172.84M |
| High Forecast | $2.19B | $1.92B | $1.81B | $1.68B | $1.96B | $1.74B | $1.64B | $1.53B | $1.63B | $1.43B | $1.35B | $1.06B | $2.34B | $456.01M | $-70.36M | $964.76M | $2.13B | $414.55M | $-63.96M | $877.06M | $1.94B | $327.71M | $461.23M | $360.45M | $378.40M | $316.42M | $229.59M | $349.79M | $298.87M | $182.49M |
| Low Forecast | $2.01B | $1.77B | $1.66B | $1.54B | $1.80B | $1.60B | $1.51B | $1.40B | $1.50B | $1.25B | $1.18B | $707.49M | $1.56B | $304.00M | $-105.53M | $643.18M | $1.42B | $276.37M | $-95.94M | $584.71M | $1.29B | $218.47M | $417.20M | $326.04M | $342.28M | $210.94M | $207.67M | $233.20M | $199.25M | $165.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.70% | 0.31% | - | - | 0.96% | 0.40% | 1.86% | 1.01% | 1.10% | 1.11% | 1.17% | 1.17% | 0.92% | 1.28% | 1.77% |
MercadoLibre's average Quarter SG&A projection for Jul 23 is $-87.94M, based on 5 Wall Street analysts, with a range of $-105.53M to $-70.36M. The forecast indicates a -115.62% fall compared to MELI last annual SG&A of $563.00M (Mar 23).
MercadoLibre EPS Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 4 | 8 | 7 | 10 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 7 | 10 | 10 | 10 | 10 | 6 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.01 | $3.28 | - | - | $1.30 | $-0.75 | $1.92 | $1.37 | $-0.68 | $-1.02 | $0.28 | $1.11 | $-0.44 | $-1.11 | $-2.96 |
| Avg Forecast | $17.70 | $15.99 | $14.13 | $12.89 | $12.89 | $12.94 | $11.58 | $9.15 | $10.70 | $10.06 | $8.25 | $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 | $18.36 | $16.58 | $14.65 | $13.37 | $13.37 | $13.42 | $12.01 | $9.49 | $11.10 | $10.83 | $8.79 | $6.53 | $8.88 | $6.92 | $4.50 | $2.89 | $2.51 | $2.50 | $2.04 | $1.26 | $1.13 | $1.39 | $0.25 | $0.03 | $0.17 | $0.29 | $0.12 | $-0.37 | $-0.69 | $-0.03 |
| Low Forecast | $16.46 | $14.87 | $13.14 | $11.99 | $11.99 | $12.04 | $10.77 | $8.51 | $9.95 | $9.53 | $7.34 | $5.75 | $5.68 | $2.45 | $4.04 | $2.59 | $2.25 | $2.24 | $1.83 | $1.10 | $0.99 | $1.22 | $0.22 | $0.03 | $0.15 | $0.25 | $0.10 | $-0.42 | $-0.79 | $-0.04 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.44% | 1.36% | - | - | 1.11% | -0.71% | 1.48% | 5.85% | -22.57% | -6.62% | 1.05% | 10.22% | 1.13% | 1.50% | 84.11% |
According to 5 Wall Street analysts, MercadoLibre's projected average Quarter EPS for Jul 23 is $4.34, with a low estimate of $4.04 and a high estimate of $4.50. This represents a 8.20% increase compared to MELI previous annual EPS of $4.01 (Mar 23).
MercadoLibre Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FTCH | Farfetch | $0.64 | $32.73 | 5014.06% | Buy |
| CHWY | Chewy | $16.10 | $45.79 | 184.41% | Buy |
| SE | Sea | $64.46 | $169.51 | 162.97% | Buy |
| JD | JD | $33.78 | $87.15 | 157.99% | Buy |
| BABA | Alibaba Group | $84.60 | $165.22 | 95.30% | Buy |
| GLBE | Global-e Online | $29.75 | $53.40 | 79.50% | Buy |
| JMIA | Jumia | $6.09 | $9.00 | 47.78% | - |
| W | Wayfair | $71.37 | $103.32 | 44.77% | Buy |
| VIPS | Vipshop | $16.81 | $16.07 | -4.40% | Buy |
| MELI | MercadoLibre | $1.68K | $1.60K | -4.49% | Buy |
| PDD | PDD | $140.52 | $131.63 | -6.33% | Buy |
MELI Forecast FAQ
Is MercadoLibre a good buy?
Yes, according to 16 Wall Street analysts, MercadoLibre (MELI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 81.25% of MELI's total ratings.
What is MELI's price target?
MercadoLibre (MELI) average price target is $1.6K with a range of $1K to $2.26K, implying a -4.49% from its last price of $1.68K. The data is based on 16 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 down by -4.49% (from the last price of $1.68K to the average price target of $1.6K), up by 34.74% based on the highest stock price target, and down by -40.38% based on the lowest stock price target.
Can MercadoLibre stock reach $3K?
MELI's average twelve months analyst stock price target of $1.6K 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 $22.73B (high $23.38B, low $21.51B), average EBITDA is $2.39B (high $2.46B, low $2.26B), average net income is $2.36B (high $2.45B, low $2.2B), average SG&A $6.67B (high $6.86B, low $6.31B), and average EPS is $46.56 (high $48.3, low $43.3). MELI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $25.15B (high $25.87B, low $23.8B), average EBITDA is $2.64B (high $2.72B, low $2.5B), average net income is $3.08B (high $3.19B, low $2.86B), average SG&A $7.38B (high $7.59B, low $6.98B), and average EPS is $60.71 (high $62.97, low $56.46).
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 $845.18M by 101.38%. The company's net income was $482M, beating the average estimation of $86.64M by 456.32%. Apple's SG&A was $1.96B, missing the average forecast of $2.77B by -29.39%. 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 (Mar 2023), MercadoLibre's revenue was $3.04B, beating the average analysts' forecast of $2.89B by 5.23%. The company's EBITDA was $627M, beating the average prediction of $288.28M by 117.50%. MercadoLibre's net income was $201M, beating the average estimation of $74.65M by 169.24%. The company's SG&A was $563M, missing the average forecast of $803.97M by -29.97%. Lastly, the company's EPS was $4.01, beating the average prediction of $2.79 by 43.86%