Wedbush has revised its price target for MercadoLibre (MELI, Financial), reducing it from $2,600 to $2,400, while maintaining an Outperform rating on the company's shares. This adjustment comes as part of a broader Q1 preview focused on the internet sector, amidst growing uncertainties affecting the global economy.
The firm highlighted a range of challenges impacting economic stability, including macroeconomic uncertainties, potential tariff issues, and declining consumer confidence both in the United States and internationally. These factors have contributed to reduced visibility into current market conditions, prompting Wedbush to lower its 2025 estimates and price targets ahead of the upcoming Q1 results.
Despite these adjustments, the firm remains optimistic about MercadoLibre, retaining an Outperform rating, yet it anticipates needing further insights from management teams to navigate the current economic complexities effectively. This stance reflects Wedbush's caution as it seeks more detailed information in the coming weeks to better understand the "dense fog" surrounding the market environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for MercadoLibre Inc (MELI, Financial) is $2,548.53 with a high estimate of $3,000.00 and a low estimate of $1,856.21. The average target implies an upside of 25.10% from the current price of $2,037.12. More detailed estimate data can be found on the MercadoLibre Inc (MELI) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, MercadoLibre Inc's (MELI, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for MercadoLibre Inc (MELI, Financial) in one year is $2974.50, suggesting a upside of 46.01% from the current price of $2037.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the MercadoLibre Inc (MELI) Summary page.
