MercadoLibre (NASDAQ:MELI) Stock, Analyst Ratings, Price Targets, Forecasts

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The latest price target for MercadoLibre (NASDAQ:MELI) was reported by Cantor Fitzgerald on September 5, 2024. The analyst firm set a price target for $2530.00 expecting MELI to rise to within 12 months (a possible 24.27% upside). 27 analyst firms have reported ratings in the last year.

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The latest analyst rating for MercadoLibre (NASDAQ:MELI) was provided by Cantor Fitzgerald, and MercadoLibre initiated their overweight rating.

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The last upgrade for MercadoLibre Inc happened on May 20, 2024 when Jefferies raised their price target to $2100. Jefferies previously had a hold for MercadoLibre Inc.

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The last downgrade for MercadoLibre Inc happened on July 10, 2023 when B of A Securities changed their price target from $1680 to $1350 for MercadoLibre Inc.

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Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of MercadoLibre, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for MercadoLibre was filed on September 5, 2024 so you should expect the next rating to be made available sometime around September 5, 2025.

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While ratings are subjective and will change, the latest MercadoLibre (MELI) rating was a initiated with a price target of $0.00 to $2530.00. The current price MercadoLibre (MELI) is trading at is $2035.88, which is within the analyst’s predicted range.