MercadoLibre (MELI-Q)
NASDAQ:MELI
2,106.46
85.09
(4.21%) 1d
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Top 10 Tech Stocks To Watch in 2021This summary was created by AI, based on 8 opinions in the last 12 months.
MercadoLibre (MELI-Q) is recognized as a leading e-commerce platform in Latin America, often likened to Amazon, with a significant market presence. Analysts have highlighted its impressive financial performance, reflecting a 71% increase in profits and soaring revenues, which are up 40%. The company's aggressive efforts to retire debt and enhance cash reserves, alongside plans to expand operations in Brazil, including hiring 11,000 new workers, are notable positive indicators. Despite recent market fluctuations and concerns regarding U.S. tariffs, the overall sentiment remains optimistic, with price targets ranging from approximately $1818.97 to $2007.59. A series of recommendations suggest prudent trailing stop placements, emphasizing disciplined investment strategies. Overall, the market view on MELI appears cautiously optimistic with potential for strong upside.
Our PAST TOP PICK with MELI has triggered its stop at $1923. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 28%, when combined with our previous guidance.
We again reiterate this Latin American e-commerce company as a TOP PICK. Its investment in Brazil is growing over $4 billion this year and the company intends to hire 11,000 new workers there to keep up with demand. Recently reported earnings showed a 71% increase in profits. Cash reserves are growing, while debt is aggressively retired and shares bought back. We recommend trailing up the stop (from $1300) to $1450, looking to achieve $2000 -- upside potential of 25%. Yield 0%
(Analysts’ price target is $2007.59)We reiterate this e-commerce company, based in Buenos Aires, provider of online retail services in Latin America. It has 85 million unique customers using its services. We like that cash reserves are growing, while debt is aggressively retired and shares are bought back. We continue to recommend a stop at $1300, looking to achieve $1920 — upside potential of 30%. Yield 0%
(Analysts’ price target is $1921.38)This e-commerce company, based in Buenos Aires, provides online retail services in Latin America. We like that cash reserves are growing, while debt is aggressively retired and shares are bought back. Recently reported revenues were up 40% and operating income increased over 130%. We recommend setting a stop-loss at $1300, looking to achieve $1820 — upside potential of 18%. Yield 0%
(Analysts’ price target is $1818.97)He was an original investor. It is the Latin American version of Amazon.
Purchased it recently in one of his funds. It is the latin-american version of Amazon. Their operations focus in Brazil, Argentina and Mexico. E-commerce will continue to grow, and it is a good way to get exposure in an area that is not typically on investor's radar. It is expensive, but it may always be expensive.
Stockchase Research Editor: Michael O'Reilly A similar e-commerce opportunity like SHOP is to North America, MELI is to Latin America. The company uses its platform to help businesses sell their items online and also has a fintech side of their business to help manage cash payments. The company reported strong Q1 earnings with sales growth over 30% for the past five years and the trend is catching on in the region. The company reports earnings this week, so there could be some opportune volatility. We would look to a pullback towards $1000 as an excellent entry point with an eye to re-test highs near $1200 or towards $1400.
MercadoLibre(MELI-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 10
MercadoLibre(MELI-Q) Frequently Asked Questions
What is MercadoLibre stock symbol?
MercadoLibre is a American stock, trading under the symbol MELI-Q on the NASDAQ (MELI). It is usually referred to as NASDAQ:MELI or MELI-Q
Is MercadoLibre a buy or a sell?
In the last year, 10 stock analysts published opinions about MELI-Q. 5 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MercadoLibre.
Is MercadoLibre a good investment or a top pick?
MercadoLibre was recommended as a Top Pick by on . Read the latest stock experts ratings for MercadoLibre.
Why is MercadoLibre stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is MercadoLibre worth watching?
10 stock analysts on Stockchase covered MercadoLibre In the last year. It is a trending stock that is worth watching.
What is MercadoLibre stock price?
On 2025-03-17, MercadoLibre (MELI-Q) stock closed at a price of $2106.46.
It's the Amazon of South America. The recent downturn is due to profit-taking, but also fears of US tariffs against Latin America. However, this gives you exposure to Latin America.