NASDAQ:MELI

1,270.67
12.65 (1.01%) 1d
0
Unspecified
MercadoLibre
The macro background of the countries they operate in are not that strong for the most part. They need to control their costs and price some of their lines better but should turn to profitability. Too expensive.
merchandising / lodging
COMMENT
MercadoLibre
Selling puts Take some of the risk away, if there's an ugly blow-up a la PayPal and Meta of this past week.
merchandising / lodging
PAST TOP PICK
MercadoLibre
(A Top Pick Oct 22/20, Up 24%) Undisputed e-commerce and fintech leader in Latin America. He let it go in January at $1950. Buy it here around $1600, add at 1500 and 1400. 12-month price target of $2108. A trading stock.
merchandising / lodging
PARTIAL BUY
MercadoLibre

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.

merchandising / lodging
TOP PICK
MercadoLibre
Dominant force in digital payments and e-commerce in Latin America. Compelling long-term investment. Building an eco system. Their payment stream business grows at 52% annually. High valuation, so buy in quarters. No dividend. (Analysts’ price target is $1242.09)
merchandising / lodging
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

BUY ON WEAKNESS
MercadoLibre

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.

merchandising / lodging
PARTIAL SELL
MercadoLibre
It's at its all-time high. It needs to pass its last peak (it's close to it now). Otherwise, take half your shares now.
merchandising / lodging
TOP PICK
MercadoLibre
Has fallen 17% from recent highs due to macro economic issues. The eBay of Latin America. No dividend. (Analysts’ price target is $639.50)
merchandising / lodging
TOP PICK
MercadoLibre
Online marketplace that serves a lot of the countries in the South and Latin America. Volatile stock and is a little erratic now. Fantastic fundamentals. Recently broke out of a long (December-June) range, so as long as it continues to trade around the $58 range, it has a lot of potential to go higher.
merchandising / lodging
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MercadoLibre(MELI-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for MercadoLibre is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, there was no coverage of MercadoLibre published on Stockchase.

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?

0 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 2023-06-02, MercadoLibre (MELI-Q) stock closed at a price of $1270.67.