MELI Price Prediction Next Week
Analysis and Insights
Technical Analysis:
MELI's stock price has been showing a bullish trend recently, with significant support around the $1942 level. The latest candlestick chart shows a potential continuation of the uptrend, indicating a possible short-term upside.
Valuation Analysis:
MELI currently has a P/E ratio of 106.25, which is higher than the average for the e-commerce sector. This suggests that investors are pricing in high growth expectations, which might be sustainable given the company's strong position in Latin America.
Sentiment and Analyst Ratings:
Analyst sentiment is positive. Analysts remain optimistic about MELI’s ability to lead the e-commerce and fintech market in Latin America, with a consensus buy rating.
Conclusion:
Given the bullish technical indicators and positive news sentiment, MELI stock is expected to rise to $2120 by the end of the next trading week. The stock is likely to continue its upward trend, making it a good buy.
Recommendation: Buy MELI stock with a target price of $2120.
MELI Similar Chart Price Prediction
The price of MELI is predicted to go up 7.67%, based on the high correlation periods with ATXS. The similarity of these two price pattern on the periods is 90.53%.
MELI
ATXS
Up: 7.67%Similarity: 90.53%
MELI Revenue Forecast
MELI EPS Forecast
MELI FAQs
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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%
