MercadoLibre, Inc. (MELI) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 33 analysts19.5% Below Target
MELI trades 19.5% below Wall Street's consensus target of $2166.67.
Current Price$1813.61
Average Target$2166.67
Target
Current
Low$1750.00
Median$2150.00
High$2600.00
Analyst Target Range
Forward P/E46.6x
(Growth Premium)
PEG Ratio—
Implied Growth+2.8%
(Low)
Analyst Spread39.2%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MELI achieves its forward estimates and maintains a stable P/E multiple of 46.6x. This scenario reflects the blended consensus of 33 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MELI Price Target Analysis
Updated July 8, 2026As of July 8, 2026, MercadoLibre, Inc. (MELI) has a Wall Street consensus price target of $2166.67, based on estimates from 33 covering analysts. With the stock currently trading at $1813.61, this represents a potential upside of +19.5%. The company has a market capitalization of $91.94B.
Analyst price targets range from a low of $1750.00 to a high of $2600.00, representing a 39% spread in expectations. The median target of $2150.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 24 analysts rating the stock as a Buy or Strong Buy,9 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, MELI trades at a trailing P/E of 46.0x and forward P/E of 46.6x. Analysts expect EPS to grow +2.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $2362.36, with bear and bull scenarios of $1488.29 and $3112.65 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Consumer Cyclical stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+39.0%
Industry Consensus
Avg Forward P/E
21.0x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
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 BABAAlibaba Group Holding Limited | $229.0B | $98.14 | $187.14 | +90.7% | Buy | 2.3x | 59 |
 SESea Limited | $63.8B | $104.23 | $133.60 | +28.2% | Buy | 29.7x | 44 |
 GRABGrab Holdings Limited | $15.6B | $3.93 | $6.03 | +53.4% | Buy | 34.0x | 12 |
 CPNGCoupang, Inc. | $33.3B | $18.53 | $24.80 | +33.8% | Buy | — | 16 |
 PYPLPayPal Holdings, Inc. | $40.3B | $45.65 | $50.05 | +9.6% | Hold | 8.6x | 70 |
 NUNu Holdings Ltd. | $65.9B | $13.61 | $14.98 | +10.1% | Buy | 16.1x | 22 |
 PAGSPagSeguro Digital Ltd. | $2.6B | $8.90 | $13.67 | +53.6% | Buy | 1.0x | 24 |
 STNEStoneCo Ltd. | $2.7B | $10.99 | $17.25 | +57.0% | Buy | 1.0x | 21 |
 SHOPShopify Inc. | $158.2B | $121.88 | $156.79 | +28.6% | Buy | 68.6x | 63 |
MELI — Frequently Asked Questions
Quick answers to the most common questions about buying MELI stock.
What is the MELI stock price target for 2026?
MercadoLibre, Inc. (MELI) has a consensus 12-month price target of $2166.67, implying 19.5% upside from $1813.61. The 33 analysts covering MELI see moderate appreciation potential.
Is MELI a buy, sell, or hold?
MELI has a consensus rating of "Buy" based on 33 Wall Street analysts. The rating breakdown is predominantly bullish, with 24 Buy/Strong Buy ratings. The consensus 12-month price target of $2166.67 implies 19.5% upside from current levels.
Is MELI stock overvalued or undervalued?
At a forward P/E of 46.5629x, MELI trades at a premium valuation. The consensus price target of $2166.67 (19.5% upside) suggests analysts still see growth justifying the multiple.
How high can MELI stock go?
The most bullish Wall Street analyst has a price target of $2600 for MELI, while the most conservative target is $1750. The consensus of $2166.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $3113 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MELI stock?
MELI is heavily covered by Wall Street, with 33 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 23 have Buy ratings, 9 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MELI stock forecast?
The 12-month MELI stock forecast based on 33 Wall Street analysts shows a consensus price target of $2166.67, with estimates ranging from $1750 (bear case) to $2600 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $2362, with bear/bull scenarios of $1488/$3113.
What is MELI's fair value based on fundamentals?
Our quantitative valuation model calculates MELI's fair value at $2362 (base case), with a bear case of $1488 and bull case of $3113. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 48/100.
What is MELI's forward P/E ratio?
MELI trades at a forward P/E ratio of 46.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 46.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MELI stock?
Wall Street analysts are optimistic on MELI, with a "Buy" consensus rating and $2166.67 price target (19.5% upside). 24 of 33 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MELI price targets vary so much?
MELI analyst price targets range from $1750 to $2600, a 39% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $2166.67 consensus represents the middle ground. Our model's $1488-$3113 range provides an independent fundamental perspective.
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