How Does Mercadolibre Inc (MELI) Stock Rank on Wall Street Monday?

Wall Street is positive on Mercadolibre Inc (MELI). On average, analysts give MELI a Strong Buy rating. The average price target is $2059.23, which means analysts expect the stock to add by 66.58% over the next twelve months. That average ranking earns MELI an Analyst Rating of 63, which is better than 63% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating MELI a Strong Buy today. Find out what this means to you and get the rest of the rankings on MELI!

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Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Mercadolibre Inc Stock Today?

Mercadolibre Inc (MELI) stock is down -1.79% while the S&P 500 has risen 1.19% as of 11:52 AM on Monday, Nov 29. MELI is down -$22.55 from the previous closing price of $1,258.71 on volume of 320,822 shares. Over the past year the S&P 500 has risen 28.38% while MELI is down -20.42%. MELI earned $1.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 775.3. Click Here to get the full Stock Report for Mercadolibre Inc stock.