Should You Buy MercadoLibre Inc (MELI) Stock Thursday Morning?

MercadoLibre Inc (MELI) is up Thursday morning, with the stock gaining 6.96% in pre-market trading to 1002.01. MELI's short-term technical score of 13 indicates that the stock has traded less bullishly over the last month than 87% of stocks on the market. In the Internet Retail industry, which ranks 128 out of 146 industries, MercadoLibre Inc ranks higher than 25% of stocks. MercadoLibre Inc has risen 6.42% over the past month, closing at $835.09 on December 15. During this period of time, the stock fell as low as $826.11 and as high as $936.89. MELI has an average analyst recommendation of Strong Buy. The company has an average price target of $1,225.00.

MELI has an Overall Score of 37. Find out what this means to you and get the rest of the rankings on MELI!

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MercadoLibre Inc has a Long-Term Technical rank of 66. This means that trading over the last 200 trading days has placed the company in the upper half of stocks with 34% of the market scoring higher. In the Internet Retail industry which is number 117 by this metric, MELI ranks better than 117% of stocks.

Important Dates for Investors in MELI:

-MercadoLibre Inc is set to release earnings on 2/28/2023. Over the last 12 months, the company has reported EPS of $5.36. -We do not have a set dividend date for MercadoLibre Inc at this time. Click Here To Get The Full Report on MercadoLibre Inc (MELI)