MELI Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
MercadoLibre (MELI) has recently announced significant investments in Mexico, planning to hire an additional 10,000 employees by 2025. This expansion aims to strengthen its technological, logistical, and financial ecosystems, positioning the company for long-term growth in Latin America. Additionally, MercadoLibre's strong Q4 2024 performance, with revenue increasing 96% year-over-year, highlights its robust market position.
Technical Analysis:
The stock is currently trading at 2007.33, with key technical indicators suggesting potential upside:
- RSI (6, 12, 14): 32.83, 44.28, 46.24, indicating the stock is near oversold territory, suggesting a potential rebound.
- MACD (12,26): 33.38, with a signal line crossover, indicating a bullish trend.
- Fibonacci Levels: Pivot at 2109.55, with resistance at 2271.04 and support at 1948.06.
Valuation and Analyst Sentiment:
- Valuation Metrics: MELI's P/E ratio is 73.12, reflecting high growth expectations.
- Analyst Ratings: Cantor Fitzgerald maintains an Overweight rating with a $3000 price target, while the Motley Fool highlights MELI as a top growth stock.
Conclusion:
Based on strong fundamentals, positive news sentiment, and favorable technical indicators, the stock is expected to rise. The target price for the next trading week is $2100.
Recommendation: Buy MELI with a target price of $2100.
MELI Similar Chart Price Prediction
The price of MELI is predicted to go up 5.88%, based on the high correlation periods with NWE. The similarity of these two price pattern on the periods is 96.76%.
MELI
NWE
Up: 5.88%Similarity: 96.76%
MELI Revenue Forecast
MELI EPS Forecast
MELI FAQs
What is MELI revenue forecast for next quarter？
What is MELI eps forecast for next quarter？
MELI VS S&P500
Surging digital payment adoption and increasing acceptance of online shopping should underpin a durable secular growth narrative for MercadoLibre.
The scaling of a first-party sales business allows MercadoLibre to compete more effectively during key holiday seasons, with strategic discounts of anchor products.
Consumer and small-business lending addresses a key pain point in traditional financial-service offerings while tying merchants and customers more closely to the MercadoLibre platform.
MELI Analyst's Forecast
Trevor Young
Barclays
Buy
2025-02-21
Price Target
$2,200 → $2,500
Upside
+10.62%
Barclays raised the firm's price target on MercadoLibre to $2,500 from $2,200 and keeps an Overweight rating on the shares following the earnings report. The firm says "higher-margin" Argentina is "on the mend." The improving profile of credit cards and adjusting issuance towards lower risk borrowers is a positive for MercadoLibre, the analyst tells investors in a research note.
Josh Beck
Raymond James
Buy → Strong Buy
2025-01-21
Price Target
$2,250
Upside
+22.65%
Marcelo Santos
JP Morgan
Hold
2025-01-08
Price Target
$2,150 → $1,950
Upside
+12.13%
