Buy, Sell or Hold: MercadoLibre (MELI-Q) — Stock Predictions at Stockchase

NASDAQ:MELI

1,081.08

48.61 (4.71%) 1d

Showing 1 to 8 of 8 entries

COMMENT

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

(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

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

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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BUY on WEAKNESS

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

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

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

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

Showing 1 to 8 of 8 entries

MercadoLibre(MELI-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

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, 1 stock analyst published opinions about MELI-Q. 1 analyst recommended to BUY the stock. 0 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?

1 stock analyst on Stockchase covered MercadoLibre In the last year. It is a trending stock that is worth watching.

What is MercadoLibre stock price?

On 2022-08-12, MercadoLibre (MELI-Q) stock closed at a price of $1081.08.

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