MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.
Mercadolibre stock last closed at $1,290.53, up 1.06% from the previous day, and has increased 61.4% in one year. It has overperformed other stocks in the Internet Retail industry by 0.37 percentage points. Mercadolibre stock is currently +70.99% from its 52-week low of $754.76, and -11.09% from its 52-week high of $1,451.56.
At the moment, there are 50.09M shares of MELI outstanding. The market value of MELI is $64.65B. In the past 24 hours, 198,625 MELI shares were traded.
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Once you have selected the best place to buy Mercadolibre stock, it's crucial to research their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.
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You can see all of the due diligence checks on MELI's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge MELI's intrinsic value.
Using relative valuations metrics:
You can do additional valuation research on MELI's stock here.
Out of 12 Wall Street analysts who give recommendations on MELI, the consensus analyst rating on MELI is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
James Friedman, a bottom 4% analyst from Susquehanna maintains MELI with a strong buy rating and raises their MELI price target from $1,500.00 to $1,625.00, on Sep 18, 2023.
Soomit Datta, a top 37% analyst from New Street Research upgrades MELI to a strong buy rating and announces their MELI price target of $1,650.00, on Sep 1, 2023.
Kaio Prato, a bottom 34% analyst from UBS maintains MELI with a strong buy rating and raises their MELI price target from $1,600.00 to $1,700.00, on Aug 30, 2023.
Scott Devitt, a top 4% analyst from Wedbush initiates coverage on MELI with a buy rating and announces their MELI price target of $1,500.00, on Aug 22, 2023.
Irma Sgarz, a top 33% analyst from Goldman Sachs maintains MELI with a strong buy rating and raises their MELI price target from $1,910.00 to $2,180.00, on Aug 9, 2023.
You can dive deeper into what analysts are projecting on the Mercadolibre stock forecast page.
Last year, MELI earnings were $757.00M. In the past 4 year, MELI's earnings have gone up by 211.53% per year. This was faster than the Internet Retail industry average of 25.05%.
Last year, MELI revenue was $12.14B. In the last five year, MELI's revenue has gone up by 55.88% per year. This was faster than the Internet Retail industry average of 27.91%.
You can research MELI's earnings and revenue performance here.
In the last year, executives and large shareholders at MELI have sold more shares than they have bought.
La Serna Juan Martin De, Executive VP Corporate Affairs of MELI, was the latest MELI insider to sell. They sold $187,500.00 worth of MELI stock on Mar 8, 2023.
Learn more about who owns MELI stock here.
No, Mercadolibre doesn't provide an income stream by paying out dividends.
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