Should You Buy Mercadolibre Inc (MELI) Stock Wednesday?

Mercadolibre Inc (MELI) stock is lower by -46.62% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver’s proprietary ranking system, gives MELI stock a score of 53 out of a possible 100.

That rank is influenced by a fundamental score of 85. In addition to the average rating from Wall Street analysts, MELI stock has a mean target price of $1,695.00. This means analysts expect the stock to gain 129.88% over the next 12 months. MELI's rank also includes a short-term technical score of 55. The long-term technical score for MELI is 19.

MELI has an Overall Score of 53. Find out what this means to you and get the rest of the rankings on MELI!

See Full MELI Report

What's Happening with MELI Stock Today

Mercadolibre Inc (MELI) stock is down -4.79% while the S&P 500 is up 0.8% as of 11:40 AM on Wednesday, May 11. MELI is lower by -$37.10 from the previous closing price of $774.44 on volume of 302,071 shares. Over the past year the S&P 500 has fallen -2.86% while MELI is lower by -46.62%. MELI earned $3.65 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 201.06. Click Here to get the full Stock Report for Mercadolibre Inc stock.