MercadoLibre Inc (MELI) Stock Forecast & Predictions

MercadoLibre Inc MELI: $1533.41

7th Floor, Buenos Aires, Buenos Aires, Argentina. | Sector: Information | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: http://www.mercadolibre.com

  • Market Cap$79.39B
  • Change (52 Weeks)166.42%
  • Low (52 Weeks)$553.61
  • MercadoLibre Inc (MELI) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, MercadoLibre Inc (MELI) stock price is $1533.41 and the 52 weeks low is $553.61, which means the MercadoLibre Inc stock price is up 166.42% in the last 12 months.

    MercadoLibre Inc (MELI) Stock Price has been Trending Strongly with an ADX reading of 28.69 as per the Weekly Chart.

    A Upward trend indicates that MercadoLibre Inc (MELI) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that MELI Stock price might rise further, 31.25% indicating that MELI Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MELI stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    MercadoLibre Inc (MELI) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for MercadoLibre Inc (MELI) is based on 28 Institutional Analyst Ratings where 50.00% are on Strong Buy, 21.43% on Moderate Buy, 28.57% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 28 Institutional Analysts, majority recommended MELI stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of MercadoLibre Inc.

    MercadoLibre Inc (MELI) Stock Price Prediction By Analysts


    HighLowAverage
    $2625.00$1085.75$1949.78
    $1949.7827.15% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for MELI set by the institutional analysts is $1949.78 where High Estimate is $2625.00, Median $1999.2 and Low $1085.75.

    The average price target for MELI by Institutional Analysts is $1949.78, which is 27.15% Upside from the current price. So according to the Institutional Analysts, MELI Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    MercadoLibre Inc (MELI) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 386,216 investor portfolio.

    Our algorithm has analysed 386,216 investor portfolio with MELI stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about MELI and holding their positions hoping for a further rise in the stock price and more profit.

    MercadoLibre Inc (MELI) Stock Forecast Based on News Sentiment


    Bullish
    Based on 8 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about MELI, it shows that MercadoLibre Inc had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that MELI stock price may surge in the next few weeks.

    MercadoLibre Inc (MELI) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Wolfe ResearchOutperformInitiated
    BTIGBuyUpgraded
    JP MorganOverweightMaintained
    ScotiaBankSector PerformInitiated
    BradescoNeutralDowngraded
    Deutsche BankBuyMaintained
    SantanderBuyUpgraded
    BTIGNeutralDowngraded
    UBSBuyMaintained
    Credit SuisseOutperformMaintained
    BTIGBuyMaintained
    Credit SuisseOutperformMaintained
    JefferiesBuyMaintained
    BarclaysOverweightMaintained
    JefferiesBuyUpgraded
    UBSBuyMaintained
    SusquehannaPositiveUpgraded
    Credit SuisseOutperformMaintained
    UBSBuyMaintained
    Credit SuisseOutperformMaintained
    B of A SecuritiesBuyReiterated
    Credit SuisseOutperformMaintained
    SusquehannaNeutralDowngraded
    Cantor FitzgeraldOverweightInitiated
    Credit SuisseOutperformMaintained
    CitigroupNeutralDowngraded
    Credit SuisseOutperformMaintained
    JefferiesHoldInitiated
    SusquehannaPositiveUpgraded
    Piper SandlerOverweightMaintained
    Itau BBAMarket PerformUpgraded
    BarclaysOverweightMaintained
    UBSBuyMaintained
    BTIGBuyUpgraded
    HSBCBuyUpgraded
    JP MorganOverweightUpgraded
    Deutsche BankBuyMaintained
    Stifel NicolausHoldMaintained
    Credit SuisseOutperformMaintained
    CitigroupBuyUpgraded
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    BTIG ResearchNeutralDowngraded
    SusquehannaNeutralUpgraded
    Stifel NicolausHoldMaintained
    JP MorganNeutralDowngraded
    HSBCHoldDowngraded
    Stifel NicolausHoldDowngraded
    SusquehannaNegativeDowngraded
    Credit SuisseOutperformMaintained
    Bank of AmericaBuyMaintained
    Deutsche BankHoldInitiated
    KeyBancSector WeightInitiated
    BTIG ResearchBuyInitiated
    BarclaysOverweightMaintained
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    Stifel NicolausBuyUpgraded
    Stifel NicolausHoldMaintained
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    Credit SuisseOutperformMaintained
    KeyBancOverweightUpgraded
    BarclaysOverweightMaintained
    Stifel NicolausHoldDowngraded
    JP MorganOverweightUpgraded
    Stifel NicolausBuyMaintained
    Credit SuisseOutperformMaintained
    CitigroupSellDowngraded
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    KeyBancSector WeightDowngraded
    Stifel NicolausBuyUpgraded
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    CitigroupNeutralDowngraded
    CitigroupBuyUpgraded
    Goldman SachsNeutralDowngraded
    JP MorganNeutralDowngraded
    BarclaysOverweightInitiated
    Bank of AmericaBuyUpgraded
    Goldman SachsBuyUpgraded
    SusquehannaNeutralDowngraded
    JP MorganOverweightUpgraded
    Goldman SachsNeutralInitiated
    JP MorganNeutralMaintained
    Cowen & Co.Market PerformInitiated
    JP MorganNeutralMaintained
    HSBCHoldUpgraded
    Stifel NicolausHoldDowngraded
    Credit SuisseOutperformUpgraded
    JP MorganNeutralDowngraded
    Stifel NicolausBuyMaintained
    JP MorganOverweightMaintained
    Credit SuisseNeutralMaintained
    Bank of AmericaBuyUpgraded
    Morgan StanleyUnderweightMaintained
    Credit SuisseNeutralMaintained
    JP MorganOverweightUpgraded
    Credit SuisseNeutralMaintained
    Credit SuisseNeutralMaintained
    Morgan StanleyUnderweightMaintained
    CitigroupSellInitiated
    StifelBuyUpgraded
    JP MorganNeutralMaintained
    Credit SuisseNeutralMaintained
    Bank of AmericaUnderperformDowngraded
    BTG PactualSellDowngraded
    Goldman SachsSellInitiated
    Morgan StanleyUnderweightDowngraded
    Pacific CrestSector PerformDowngraded
    Banco BTG PactualNeutralInitiated
    PiperJaffrayOverweightMaintained
    JP MorganNeutralDowngraded
    Bank of AmericaNeutralDowngraded
    PiperJaffrayOverweightMaintained
    JP MorganOverweightMaintained
    PiperJaffrayOverweightMaintained
    Deutsche BankHoldMaintained
    JP MorganOverweightMaintained
    PiperJaffrayOverweightMaintained
    Deutsche BankHoldMaintained
    Deutsche BankHoldInitiated
    JP MorganOverweightUpgraded
    JP MorganNeutralMaintained
    Stifel NicolausSellDowngraded
    PiperJaffrayOverweightMaintained
    Goldman SachsNeutralInitiated
    JP MorganNeutralDowngraded

    MercadoLibre Inc (MELI) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.335
    The average consensus EPS for MELI is $0.335 with a high estimate of $1.806 and Low of $-0.510 for the period 2021-06-30 and based on 15 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.28$0.17553182020-09-30


    The latest average Earning Per Share Estimate for MercadoLibre Inc is $0.34, which is higher than MELI's last EPS, $0.28. This means that Analysts are expecting MercadoLibre Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of MercadoLibre Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.28$0.17553182020-09-30
    $1.11$0.092822020-06-30
    $-0.44$-0.49503662020-03-31
    $-1.11$-0.93191282019-12-31
    $-2.96$0.04532882019-09-30
    $0.31$0.255928200000000052019-06-30
    $0.13$-0.137700000000000022019-03-31
    $-0.05$-0.130562018-12-31
    $-0.23$-0.26811722018-09-30
    $-0.25$-0.099450000000000012018-06-30
    $-0.29$0.35201222018-03-31
    $0.41$0.52022017-12-31
    $0.63$0.629852017-09-30
    $0.12$1.06225862017-06-30
    $1.1$0.80580000000000012017-03-31
    $1.16$0.94633562016-12-31
    $0.88$0.84207122016-09-30
    $0.74$0.60543122016-06-30
    $0.68$0.57335222016-03-31
    $0.88$0.70051559999999992015-12-31
    $0.75$0.63579662015-09-30
    $0.44$0.69632342015-06-30
    $0.04$0.646682015-03-31
    $0.76$0.81727500000000012014-12-31
    $0.76$0.6632014-09-30
    $1.08$0.573752014-06-30
    $0.63$0.57757500000000012014-03-31
    $0.93$0.7891742013-12-31
    $0.66$0.74416140000000012013-09-30
    $0.67$0.63487860000000012013-06-30
    $0.53$0.54570000000000012013-03-31
    $0.69$0.62559660000000012012-12-31
    $0.59$0.607922012-09-30
    $0.57$0.49640342012-06-30
    $0.45$0.468067800000000032012-03-31
    $0.47$0.5163752011-12-31
    $0.6$0.436896599999999972011-09-30
    $0.34$0.38307122011-06-30
    $0.32$0.31733222011-03-31
    $0.36$0.35473562010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).