Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, MercadoLibre, Inc. (MELI) has a Wall Street consensus price target of $2810.00, based on estimates from 33 covering analysts. With the stock currently trading at $1757.58, this represents a potential upside of +59.9%. The company has a market capitalization of $89.10B.
Analyst price targets range from a low of $2600.00 to a high of $2900.00, representing a 11% spread in expectations. The median target of $2900.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 26 analysts rating the stock as a Buy or Strong Buy,7 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 44.6x and forward P/E of 30.8x. Analysts expect EPS to grow +45.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $3284.07, with bear and bull scenarios of $-997.09 and $5451.82 respectively. Model confidence stands at 72/100, indicating high predictability in the company's fundamentals.
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Start ComparisonThe consensus Wall Street price target for MELI is $2810, representing 59.9% upside from the current price of $1757.58. With 33 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
MELI has a consensus rating of "Buy" based on 33 Wall Street analysts. The rating breakdown is predominantly bullish, with 26 Buy/Strong Buy ratings. The consensus 12-month price target of $2810 implies 59.9% upside from current levels.
MELI trades at a forward P/E of 30.7602x, representing a moderate valuation. With analysts targeting $2810 (59.9% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $2900 for MELI, while the most conservative target is $2600. The consensus of $2810 represents the median expectation. Our quantitative valuation model projects a bull case target of $5452 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MELI is heavily covered by Wall Street, with 33 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 25 have Buy ratings, 7 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MELI stock forecast based on 33 Wall Street analysts shows a consensus price target of $2810, with estimates ranging from $2600 (bear case) to $2900 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $3284, with bear/bull scenarios of $-997/$5452.
Our quantitative valuation model calculates MELI's fair value at $3284 (base case), with a bear case of $-997 and bull case of $5452. 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 72/100.
MELI trades at a forward P/E ratio of 30.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 44.6x. 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.
Wall Street analysts are very optimistic on MELI, with a "Buy" consensus rating and $2810 price target (59.9% upside). 26 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.
MELI analyst price targets range from $2600 to $2900, a 11% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $2810 consensus represents the middle ground. Our model's $-997-$5452 range provides an independent fundamental perspective.