MercadoLibre, Inc. (MELI) is currently trading at $1475.09 with a Wall Street consensus price target of $2210.32, implying potential upside of 49.8% over the next 12 months. 26 analysts currently cover MELI, with a consensus rating of Buy - 85% of analysts rate the stock a Buy or Strong Buy. The most bullish analyst has a price target of $2800.0, while the most cautious has a target of $1600.0.
MELI operates in the Consumer Cyclical sector with a market capitalisation of $75B. The stock is down 25.3% year-to-date and is currently trading near the lower end of its 52-week range of $1465.06 – $2342.0.
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