Published On: Wed, Oct 19th, 2016

New Analyst Ratings On MercadoLibre, Inc. (NASDAQ:MELI)


Recently stock market analysts have updated their consensus ratings on shares of MercadoLibre, Inc. (NASDAQ:MELI).

Most recent broker ratings

10/13/2016 – MercadoLibre, Inc. had its “market perform” rating reiterated by analysts at Cowen. They now have a USD 165 price target on the stock.

10/06/2016 – MercadoLibre, Inc. had its “hold” rating reiterated by analysts at Stifel Nicolaus. They now have a USD 180 price target on the stock.

09/02/2016 – MercadoLibre, Inc. was upgraded to “overweight” by analysts at JP Morgan. They now have a USD 200 price target on the stock.

08/30/2016 – MercadoLibre, Inc. had its “overweight” rating reiterated by analysts at Piper Jaffray. They now have a USD 185 price target on the stock.

08/09/2016 – Goldman Sachs began new coverage on MercadoLibre, Inc. giving the company a “neutral” rating. They now have a USD 170 price target on the stock.

03/03/2016 – MercadoLibre, Inc. had its “hold” rating reiterated by analysts at HSBC. They now have a USD 105 price target on the stock.

01/12/2016 – MercadoLibre, Inc. had its “outperform” rating reiterated by analysts at Credit Suisse. They now have a USD 131 price target on the stock.

11/05/2015 – Susquehanna began new coverage on MercadoLibre, Inc. giving the company a “positive” rating.

09/28/2015 – MercadoLibre, Inc. was downgraded to “sell” by analysts at Citigroup.

03/05/2015 – MercadoLibre, Inc. had its “sector perform” rating reiterated by analysts at Pacific Crest.

01/19/2015 – MercadoLibre, Inc. was downgraded to “neutral” by analysts at Zacks. They now have a USD 144.4 price target on the stock.

10/31/2014 – MercadoLibre, Inc. was upgraded to “buy” by analysts at Bank of America Merrill Lynch. They now have a USD 150 price target on the stock.

10/31/2014 – MercadoLibre, Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. They now have a USD 100 price target on the stock.

10/16/2014 – MercadoLibre, Inc. had its “outperform” rating reiterated by analysts at William Blair.

10/14/2014 – MercadoLibre, Inc. had its “underweight” rating reiterated by analysts at Morgan Stanley. They now have a USD 67 price target on the stock.

MercadoLibre, Inc. has a 50 day moving average of 180.71 and a 200 day moving average of 150.81. The stock’s market capitalization is 7.40B, it has a 52-week low of 84.19 and a 52-week high of 193.58.

The share price of the company (NASDAQ:MELI) was down -0.23% during the last trading session, with a high of 170.98 and the volume of MercadoLibre, Inc. shares traded was 709524.

MercadoLibre, Inc. (MercadoLibre) hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions. Its geographic segments are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America. It also operates online commerce platforms in the Dominican Republic, Panama, Bolivia, Guatemala, Paraguay and Portugal. It offers its users an eco-system of over six related e-commerce services: the MercadoLibre Marketplace, The MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre Advertising program, the MercadoShops online Webstores solution and the Mercado Envios shipping service. It operates a real estate classified platform in the United States.