MercadoLibre, Inc. (MELI) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$1870.01
Price Target
$2420.00
Target Range
$2050.00 — $2600.00
Analyst Rating
Buy
Forward P/E39.2x
Trailing P/E47.5x
Forward PEG—
Implied Growth+21.1%
Median Target$2500.00
Analyst Spread22.7%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$2050
+9.6%
Consensus
$2420
+29.4%
Bull Case
$2600
+39.0%
MELI Price Target Analysis
Updated May 8, 2026As of May 8, 2026, MercadoLibre, Inc. (MELI) has a Wall Street consensus price target of $2420.00, based on estimates from 33 covering analysts. With the stock currently trading at $1870.01, this represents a potential upside of +29.4%. The company has a market capitalization of $94.80B.
Analyst price targets range from a low of $2050.00 to a high of $2600.00, representing a 23% spread in expectations. The median target of $2500.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 25 analysts rating the stock as a Buy or Strong Buy,8 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 47.5x and forward P/E of 39.2x. Analysts expect EPS to grow +21.1% over the next year.
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+44.4%
Avg Forward P/E47.9x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AMZNAmazon.com, Inc. | $2.9T | $271.17 | $306.77 | +13.1% | Buy | 34.8x | 94 |
 BABAAlibaba Group Holding Limited | $340.4B | $140.99 | $194.23 | +37.8% | Buy | 4.1x | 59 |
 SESea Limited | $53.6B | $88.67 | $147.67 | +66.5% | Buy | 25.1x | 44 |
 GRABGrab Holdings Limited | $15.1B | $3.79 | $6.70 | +76.8% | Buy | 34.6x | 12 |
 CPNGCoupang, Inc. | $30.9B | $17.22 | $26.60 | +54.5% | Buy | 292.4x | 16 |
 PYPLPayPal Holdings, Inc. | $40.8B | $46.22 | $51.67 | +11.8% | Hold | 8.7x | 70 |
 NUNu Holdings Ltd. | $54.5B | $14.26 | $20.48 | +43.6% | Buy | 16.4x | 22 |
 PAGSPagSeguro Digital Ltd. | $1.7B | $10.12 | $12.18 | +20.4% | Buy | 1.1x | 24 |
 STNEStoneCo Ltd. | $2.7B | $11.04 | $19.00 | +72.1% | Buy | 1.0x | 21 |
 SHOPShopify Inc. | $145.0B | $111.74 | $164.75 | +47.4% | Buy | 60.9x | 63 |
Upside Potential Comparison
GRABSTNESECPNGSHOPNUBABAPAGSFull MELI Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See MELI's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MELI Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare MELI vs AMZN
Side-by-side business, growth, and profitability comparison vs Amazon.com, Inc..
Start ComparisonMELI — Frequently Asked Questions
Quick answers to the most common questions about buying MELI stock.
What is the MELI stock price target for 2026?
The consensus Wall Street price target for MELI is $2420, representing 29.4% upside from the current price of $1870.01. With 33 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
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 25 Buy/Strong Buy ratings. The consensus 12-month price target of $2420 implies 29.4% upside from current levels.
Is MELI stock overvalued or undervalued?
At a forward P/E of 39.2075x, MELI trades at a premium valuation. The consensus price target of $2420 (29.4% 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 $2050. The consensus of $2420 represents the median expectation. 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, 24 have Buy ratings, 8 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 $2420, with estimates ranging from $2050 (bear case) to $2600 (bull case). The median consensus rating is "Buy".
What is MELI's forward P/E ratio?
MELI trades at a forward P/E ratio of 39.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 47.5x. The lower forward P/E indicates analysts expect earnings growth. 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 very optimistic on MELI, with a "Buy" consensus rating and $2420 price target (29.4% upside). 25 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 $2050 to $2600, a 23% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $2420 consensus represents the middle ground.