最新ニュース MercadoLibre (NASDAQ:MELI) 株価情報

MercadoLibre

MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.

MercadoLibre Inc

MERCADOLIBRE ORD

MELIA HOTELS INTL ORD by Melia Hotels International SA

Melia Hotels International SA

Melisron Ltd

BTIG analyst Marvin Fong maintains MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) with a Buy and lowers the price target from $2250 to $2200.

News

Price Target

Analyst Ratings

MELI

BTIG Maintains Buy on MercadoLibre, Lowers Price Target to $2200

After Wednesday&#8217;s &#8220;everything rally&#8221; spurred by the election results, investors took a less euphoric approach on Thursday ahead of the Federal Open Market Committee (FOMC) meeting.
The Fed is widely expected to cut interest rates by 25 basis points, bringing them to a range of 4.5%-4.75%, following a previous 50-basis-point cut in September.
Yet, all eyes are on Fed Chair Jerome Powell&#8217;s comments at 2:30 p.m. ET regarding the potential for future rate hikes and his views on inflation risks. Concerns from the market center on the possibility of a policy U-turn driven by higher fiscal deficits and price pressures from trade tariffs under a Trump administration.
Tech stocks led gains, with the Nasdaq 100 extending its record-breaking levels, surpassing 21,000 points and eyeing a third consecutive positive session. The S&amp;P 500 and Dow Jones posted more modest gains, while the Russell 2000 paused after Wednesday&#8217;s 5.8% leap.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remained a top performer among mega-cap stocks, bolstered by expectations of Elon Musk&#8216;s influence in the upcoming administration.
Treasury yields reversed a substantial portion of Wednesday's post-election increase, while the U.S. dollar dipped by 0.7%.
Metal commodities rebounded after Wednesday&#8217;s sharp losses, with gold rising 1.3%, silver up 2% and copper rallying over 4%.
Oil prices strengthened by 1%, with West Texas Intermediate trading around $72 per barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 0.8%, reaching $76,000 to extend its record highs, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) outperformed with a gain of over 4%.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,050.78</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,968.27</td>
<td>0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,748.20</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,389.10</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.7% to $594.84.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;stalled at $437.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 1.3% to $512.38.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.3% to $236.67.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 1.3%. The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) lagged, down 1.2%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Some relevant reactions to earnings reports are:
<ul>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), up 0.1%, </li>
<li>Gilead Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), up 6.2%, </li>
<li>MercadoLibre Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), down 16%, </li>
<li>APPLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), up 43%, </li>
<li>McKesson Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>), up 11%, </li>
<li>Take-Two Interactive Software Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), up 6.3%, </li>
<li>Transdigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>), down 4.4%</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41814589/why-trumps-boost-to-treasury-yields-inflation-expectations-may-weaken-feds-efforts-">Why Trump&#8217;s Boost To Treasury Yields, Inflation Expectations May Weaken Fed&#8217;s Efforts To Cut Interest Rates</a></li>
</ul>
This image was created using artificial intelligence.

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Nasdaq 100 Extends Record Levels Ahead Of Fed Meeting, Tesla Hits 26-Month Highs, Small Caps Stall: What's Driving Markets Thursday?

MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) has been analyzed by 14 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">8</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $2427.86, along with a high estimate of $2800.00 and a low estimate of $2200.00. Marking an increase of 8.96%, the current average surpasses the previous average price target of $2228.18. 
<img src="https://www.benzinga.com/files/images/story/2024/1731002426_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of MercadoLibre's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$2300.00</td>
<td>$2530.00</td>
</tr>
<tr>
<td>Tobias Stingelin</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$2480.00</td>
<td>$2200.00</td>
</tr>
<tr>
<td>Gonzalo Lopez</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Buy</td>
<td>$2800.00</td>
<td>-</td>
</tr>
<tr>
<td>Trevor Young</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$2500.00</td>
<td>$2100.00</td>
</tr>
<tr>
<td>Marcelo Santos</td>
<td>JP Morgan</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$2400.00</td>
<td>$2400.00</td>
</tr>
<tr>
<td>Josh Beck</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$2350.00</td>
<td>-</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$2530.00</td>
<td>$2530.00</td>
</tr>
<tr>
<td>Andrew Ruben</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$2500.00</td>
<td>$2175.00</td>
</tr>
<tr>
<td>Robert Ford</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$2500.00</td>
<td>$2250.00</td>
</tr>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Overweight</td>
<td>$2530.00</td>
<td>-</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$2350.00</td>
<td>$2300.00</td>
</tr>
<tr>
<td>Marvin Fong</td>
<td>BTIG</td>
<td>Raises</td>
<td>Buy</td>
<td>$2250.00</td>
<td>$2025.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$2300.00</td>
<td>$2000.00</td>
</tr>
<tr>
<td>Tobias Stingelin</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$2200.00</td>
<td>$2000.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MercadoLibre. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MercadoLibre compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for MercadoLibre's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of MercadoLibre's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MELI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MercadoLibre analyst ratings.</a>
<h2>Get to Know MercadoLibre Better</h2>
MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.
<h3>Financial Milestones: MercadoLibre's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: MercadoLibre's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 41.51%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 10.47%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): MercadoLibre's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 15.07%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.72%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.48.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About MercadoLibre Stock

Cantor Fitzgerald analyst Deepak Mathivanan maintains MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) with a Overweight and lowers the price target from $2530 to $2300.

Cantor Fitzgerald Maintains Overweight on MercadoLibre, Lowers Price Target to $2300

WIIM

MercadoLibre shares are trading lower following Q3 financial results.

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Thursday.
Shares of CommScope Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/COMM/earnings">third-quarter financial results</a>.
CommScope posted a quarterly loss of 5 cents per share, compared to market estimates of 31 cents per share. The company posted sales of $1.082 billion versus expectations of $1.422 billion.
CommScope shares dipped 47.5% to $3.65 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Digital Turbine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPS#NASDAQ">APPS</a>) shares tumbled 41.1% to $1.91 in pre-market trading after reporting downbeat quarterly results.</li>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares fell 24.5% to $10.35 in pre-market trading after the company reported third-quarter financial results.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) declined 19% to $11.89 in pre-market trading following third-quarter results.</li>
<li>Corsair Gaming Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) fell 14.1% to $6.12 in today's pre-market trading after the company reported worse-than-expected financial results.</li>
<li>Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) fell 12.8% to $33.00 in pre-market trading following mixed third-quarter financial results.</li>
<li>Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) fell 12.6% to $10.85 in pre-market trading after the company reported worse-than-expected third-quarter EPS and sales.</li>
<li>Burford Capital Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUR#NYSE">BUR</a>) dipped 12.1% to $12.85 in pre-market trading after gaining 6% on Wednesday.</li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) shares dipped 8.6% to $1,936.13 in pre-market trading following third-quarter results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom">Jim Cramer: This Financial Stock Is A Buy, Likes Broadcom</a></li>
</ul>

Pre-Market Outlook

Markets

Movers

Trading Ideas

APPS

COMM

CRSR

DNUT

MTCH

SEDG

WOLF

CommScope Holding Posts Downbeat Results, Joins Match Group, Krispy Kreme And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares increased by 35.3% to $0.12 during Thursday's pre-market session. </li>
<li>Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) stock increased by 17.34% to $41.0. The market value of their outstanding shares is at $4.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock moved upwards by 10.36% to $0.82. The company's market cap stands at $7.0 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) shares increased by 8.88% to $1.47. The company's market cap stands at $13.3 million. </li>
<li>Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) shares increased by 6.46% to $90.12. The company's market cap stands at $7.6 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) stock moved upwards by 6.45% to $8.58. The company's market cap stands at $3.7 billion. As per the press release, Q2 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>A-Mark Precious Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>) shares declined by 12.8% to $32.8 during Thursday's pre-market session. The company's market cap stands at $752.8 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Arhaus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) stock fell 11.19% to $8.1. The company's market cap stands at $1.1 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock decreased by 9.77% to $0.11. The company's market cap stands at $1.0 million. </li>
<li>Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) stock decreased by 9.55% to $4.36. The market value of their outstanding shares is at $533.9 million. As per the press release, Q3 earnings came out today. </li>
<li>MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) shares declined by 8.9% to $1929.0. The company's market cap stands at $97.7 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>SAG Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAG#NASDAQ">SAG</a>) shares decreased by 8.17% to $2.7. The market value of their outstanding shares is at $26.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMRK

ARHS

BROS

DBGI

JMIA

JZXN

PLNT

TRNR

12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock increased by 35.3% to $0.12 during Thursday's pre-market session. </li>
<li>Dutch Bros (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) shares moved upwards by 17.34% to $41.0. The market value of their outstanding shares is at $4.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock increased by 10.36% to $0.82. The market value of their outstanding shares is at $7.0 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) stock moved upwards by 8.88% to $1.47. The market value of their outstanding shares is at $13.3 million. </li>
<li>Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) shares increased by 6.46% to $90.12. The market value of their outstanding shares is at $7.6 billion. The company's, Q3 earnings came out today. </li>
<li>Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) shares moved upwards by 6.45% to $8.58. The company's market cap stands at $3.7 billion. As per the press release, Q2 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>A-Mark Precious Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>) stock decreased by 12.8% to $32.8 during Thursday's pre-market session. The market value of their outstanding shares is at $752.8 million. The company's, Q1 earnings came out yesterday. </li>
<li>Arhaus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) shares decreased by 11.19% to $8.1. The market value of their outstanding shares is at $1.1 billion. The company's, Q3 earnings came out today. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock fell 9.77% to $0.11. The market value of their outstanding shares is at $1.0 million. </li>
<li>Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) stock fell 9.55% to $4.36. The company's market cap stands at $533.9 million. As per the press release, Q3 earnings came out today. </li>
<li>MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) stock fell 8.9% to $1929.0. The market value of their outstanding shares is at $97.7 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>SAG Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAG#NASDAQ">SAG</a>) stock fell 8.17% to $2.7. The market value of their outstanding shares is at $26.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) reported quarterly earnings of $7.83 per share which missed the analyst consensus estimate of $10.78 by 27.37 percent. The company reported quarterly sales of $5.312 billion which beat the analyst consensus estimate of $5.267 billion by 0.85 percent. This is a 35.27 percent increase over sales of $3.927 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

MercadoLibre Q3 2024 GAAP EPS $7.83 Misses $10.78 Estimate, Sales $5.312B Beat $5.267B Estimate

MercadoLibre shares are trading lower. The company reported Q3 financial results.

Deep-pocketed investors have adopted a bullish approach towards MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MELI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for MercadoLibre. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 16% bearish. Among these notable options, 8 are puts, totaling $340,414, and 22 are calls, amounting to $1,874,803.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1480.0 to $2300.0 for MercadoLibre over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MercadoLibre's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MercadoLibre's substantial trades, within a strike price spectrum from $1480.0 to $2300.0 over the preceding 30 days.
<h3>MercadoLibre Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730835986_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$523.9</td>
<td>$506.0</td>
<td>$518.53</td>
<td>$2080.00</td>
<td>$518.5K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/08/24</td>
<td>$185.4</td>
<td>$173.5</td>
<td>$180.76</td>
<td>$1910.00</td>
<td>$216.1K</td>
<td style="text-align: right;">26</td>
<td style="text-align: right;">18</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$275.9</td>
<td>$261.1</td>
<td>$271.46</td>
<td>$2060.00</td>
<td>$135.7K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$123.7</td>
<td>$112.1</td>
<td>$118.2</td>
<td>$2000.00</td>
<td>$130.0K</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$217.0</td>
<td>$209.5</td>
<td>$209.5</td>
<td>$2160.00</td>
<td>$104.7K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>

<h3>About MercadoLibre</h3>
MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.
Having examined the options trading patterns of MercadoLibre, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>MercadoLibre's Current Market Status</h3>
<ul>
<li>With a trading volume of 105,657, the price of MELI is up by 0.91%, reaching $2073.53.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 1 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for MercadoLibre</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $2640.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on MercadoLibre with a target price of $2480. 
&#x2A; Reflecting concerns, an analyst from Redburn Atlantic lowers its rating to Buy with a new price target of $2800.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MercadoLibre with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Unpacking the Latest Options Trading Trends in MercadoLibre

Investors with a lot of money to spend have taken a bullish stance on MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MELI, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 23 uncommon options trades for MercadoLibre.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 30%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $520,721, and 14 are calls, for a total amount of $1,489,483.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1120.0 to $2600.0 for MercadoLibre during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MercadoLibre's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MercadoLibre's substantial trades, within a strike price spectrum from $1120.0 to $2600.0 over the preceding 30 days.
<h3>MercadoLibre Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730320237_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$91.0</td>
<td>$83.1</td>
<td>$85.0</td>
<td>$2120.00</td>
<td>$850.0K</td>
<td style="text-align: right;">106</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$244.0</td>
<td>$237.9</td>
<td>$244.0</td>
<td>$2200.00</td>
<td>$122.0K</td>
<td style="text-align: right;">32</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$138.8</td>
<td>$120.1</td>
<td>$130.0</td>
<td>$2200.00</td>
<td>$91.0K</td>
<td style="text-align: right;">71</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$882.0</td>
<td>$867.0</td>
<td>$876.0</td>
<td>$1120.00</td>
<td>$87.6K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$142.8</td>
<td>$138.1</td>
<td>$138.1</td>
<td>$2000.00</td>
<td>$69.0K</td>
<td style="text-align: right;">52</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>

<h3>About MercadoLibre</h3>
MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.
Having examined the options trading patterns of MercadoLibre, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>MercadoLibre's Current Market Status</h3>
<ul>
<li>With a volume of 363,387, the price of MELI is down -0.29% at $2020.72. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 13 days.</li>
</ul>
<h3>Expert Opinions on MercadoLibre</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $2545.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Redburn Atlantic downgraded its action to Buy with a price target of $2800. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for MercadoLibre, targeting a price of $2500. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for MercadoLibre, targeting a price of $2480. 
&#x2A; Reflecting concerns, an analyst from JP Morgan lowers its rating to Neutral with a new price target of $2400.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MercadoLibre with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

MercadoLibre Options Trading: A Deep Dive into Market Sentiment

Financial giants have made a conspicuous bullish move on MercadoLibre. Our analysis of options history for MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $97,550, and 9 were calls, valued at $293,166.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1900.0 to $2400.0 for MercadoLibre over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MercadoLibre's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MercadoLibre's significant trades, within a strike price range of $1900.0 to $2400.0, over the past month.
<h3>MercadoLibre Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729783823_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$96.5</td>
<td>$96.1</td>
<td>$96.5</td>
<td>$2050.00</td>
<td>$67.5K</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$99.2</td>
<td>$97.2</td>
<td>$99.2</td>
<td>$2050.00</td>
<td>$39.6K</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">4</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$90.5</td>
<td>$87.0</td>
<td>$90.5</td>
<td>$2065.00</td>
<td>$36.2K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$35.0</td>
<td>$31.4</td>
<td>$35.0</td>
<td>$2050.00</td>
<td>$35.0K</td>
<td style="text-align: right;">17</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$335.5</td>
<td>$318.6</td>
<td>$330.22</td>
<td>$2030.00</td>
<td>$33.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About MercadoLibre</h3>
MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.
After a thorough review of the options trading surrounding MercadoLibre, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>MercadoLibre's Current Market Status</h3>
<ul>
<li>With a trading volume of 30,449, the price of MELI is up by 0.44%, reaching $2047.59.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 11 days from now.</li>
</ul>
<h3>What The Experts Say On MercadoLibre</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $2506.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Redburn Atlantic downgraded its action to Buy with a price target of $2800. 
&#x2A; Reflecting concerns, an analyst from JP Morgan lowers its rating to Neutral with a new price target of $2400. 
&#x2A; In a cautious move, an analyst from Raymond James downgraded its rating to Outperform, setting a price target of $2350. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on MercadoLibre with a target price of $2480. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on MercadoLibre with a target price of $2500. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for MercadoLibre, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at MercadoLibre's Options Market Dynamics

MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) has outperformed the market over the past 15 years by 18.71% on an annualized basis producing an average annual return of 30.66%. Currently, MercadoLibre has a market capitalization of $104.26 billion. 
Buying $100 In MELI: If an investor had bought $100 of MELI stock 15 years ago, it would be worth $5,776.77 today based on a price of $2056.53 for MELI at the time of writing.
<h3>MercadoLibre's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729699215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In MercadoLibre 15 Years Ago Would Be Worth Today

Citigroup analyst Tobias Stingelin maintains MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) with a Buy and raises the price target from $2200 to $2480.

Citigroup Maintains Buy on MercadoLibre, Raises Price Target to $2480

MercadoLibre's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NYSE">MELI</a>) short percent of float has fallen 24.69% since its last report. The company recently reported that it has 509 thousand shares sold short, which is 1.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>MercadoLibre Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729540813_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MercadoLibre has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing MercadoLibre's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, MercadoLibre's peer group average for short interest as a percentage of float is 9.61%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into MercadoLibre's Recent Short Interest

While the world of e-commerce in the United States and Europe is dominated by Amazon.com Inc.&nbsp;and arguably shared with Chinese giant Alibaba Group, a new Latin American territory has been taken over by the region&#39;s leading platform instead, with a particular interest in Argentina&#39;s new breakout.
MercadoLibre Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) dominates most of Latin American e-commerce demand. While developing economies like Brazil and Colombia don&#39;t have the type of swings that could be seen elsewhere, Argentina&#39;s new administration through Javier Milei offers a new wave of above-average growth for investors to take advantage of with the right exposure.
This exposure might be found in shares of MercadoLibre, as the company recently announced satisfying new data coming out of their Argentinian division, showing that new consumer discretionary trends are overtaking the previous demand once primarily focused on consumer staples products instead. What follows could be a double-digit upside in the stock, a fact that Wall Street has gotten behind recently.
<h2>The Key Drivers Fueling Bullish Sentiment for MercadoLibre Stock</h2>
Starting with the simplest and most obvious gauge, price action, MercadoLibre now trades at 96% of its 52-week high, showing investors bullish momentum in favor of the company and its recent developments. However, the reason to consider taking a second look at this company goes beyond the stock price.
Investors can gain further insights by checking with Wall Street and assessing how analysts feel about MercadoLibre stock to justify the recent price action. Valuations and price targets are a good place to start, and the consensus is now set at $2,246, calling for a net upside of just under 10% from today&#39;s price.
However, there are those willing to stand out from the pack and give this stock a higher perceived valuation. Those at Cantor Fitzgerald now see MercadoLibre stock going as high as $2,530 for a net potential upside of as much as 23.6% from today&#39;s price, not to mention a new 52-week high to keep the momentum going until the year&#39;s end.
Future prospects and recent momentum for MercadoLibre stock have helped convince institutional buyers to consider allocating capital to the stock. As of August 2024, Legal &amp; General and the Canada Pension Plan Investment Board have boosted their holdings in MercadoLibre stock by a respective 3.6% and 12.1%.
These recent additions brought their investments up to $531.8 and $424.75 million each as of today, showing investors further bullish sentiment coming from other Wall Street participants. This is something to keep in mind moving forward, as well as other recent catalysts.
<h2>MercadoLibre&#39;s Earnings Are Strong and Point to Even Greater Growth </h2>
As of the most recent quarterly earnings results for MercadoLibre, investors can note a few of the key performance indicators (KPIs) in the company in the latest press release. Starting with revenues, the company reported $5.1 billion, a significant 42% jump over the past 12 months.
This rise is driven by a 20% bump in gross merchandise volume, which reached a high of $12.6 billion. Monthly active users are the engine of these growth figures. MercadoLibre saw 52 million users this quarter compared to only 38 million for the same quarter last year.
Out of all the regions in Latin America that MercadoLibre operates in, Argentina seemed to be the strongest one, reporting up to 252% annual growth in gross merchandise volume to lead significantly above other comparable segments like Brazil and Mexico.
Despite already delivering strong quarterly numbers, the company&#39;s Argentina segment is leaving investors with fresh evidence from the country. According to this Bloomberg report, MercadoLibre&#39;s Argentina business saw a record 20 million products sold.
This record volume represented up to $916 million worth of commerce, but the type of products sold gives investors an additional&mdash;and arguably more important&mdash;trend to consider for the next quarter. These products were consumer electronics like laptops and cell phones, driving away market share from necessary products like food.
Expecting to see MercadoLibre stock outperform some of its peers in the retail sector, markets are now willing to overpay for exposure to the company&#39;s future earnings, as investors can see from the stock&#39;s price-to-book (P/B) ratio today. While the retail sector&#39;s average valuation is 4.8x P/B, MercadoLibre trades at a significant premium of 33.7x today.&nbsp;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/mercadolibre-targets-double-digit-upside-with-argentina-boom/">MercadoLibre Targets Double-Digit Upside with Argentina Boom</a>&quot; first appeared on MarketBeat.

Latin America

Retail Sales

MercadoLibre Targets Double-Digit Upside with Argentina Boom

MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) has outperformed the market over the past 5 years by 16.22% on an annualized basis producing an average annual return of 30.39%. Currently, MercadoLibre has a market capitalization of $104.20 billion. 
Buying $100 In MELI: If an investor had bought $100 of MELI stock 5 years ago, it would be worth $383.28 today based on a price of $2055.40 for MELI at the time of writing.
<h3>MercadoLibre's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729011634_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning MercadoLibre Stock In The Last 5 Years

STOCK CLIMBS 1.5% AT HIGH POINT
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="818" height="795" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/11200904/Screen-Shot-2024-10-11-at-4.12.03-PM.png" alt="" class="wp-image-2234" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/11200904/Screen-Shot-2024-10-11-at-4.12.03-PM.png 818w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/11200904/Screen-Shot-2024-10-11-at-4.12.03-PM-300x292.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/11200904/Screen-Shot-2024-10-11-at-4.12.03-PM-768x746.png 768w" sizes="(max-width: 818px) 100vw, 818px" /></figure>
MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:37 AM on OCTOBER 11th, a significant trading signal occurred for MercadoLibre, Inc. as it demonstrated a Power Inflow at a price of $2074.55. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in MercadoLibre&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Mercado Libre&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open. Generally, it signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for MELI, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $2074.55. The returns on the High price ($2105.33) and Close price ($2091.28) after the Power Inflow are respectively 1.5% and 0.8%. The result underlines the importance of a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite.

Signals

Tradepulse Power Inflow Alert: Mercadolibre Inc. Rises Over 30 Points After Signal

MercadoLibre shares are trading higher after Redburn Atlantic initiated coverage on the stock with a Buy rating and a $2,800 price target.

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on National Vision Holdings (EYE – Research Re...

Analysts Offer Insights on Consumer Cyclical Companies: National Vision Holdings (EYE) and Mercadolibre (MELI)

BTIG analyst Marvin Fong maintained a Buy rating on Mercadolibre (MELI – Research Report) today and set a price target of $2,200.00. The company's ...

Mercadolibre (MELI) Gets a Buy from BTIG

Citi analyst Joao Soares maintained a Buy rating on Mercadolibre (MELI – Research Report) yesterday and set a price target of $2,480.00. Joao Soare...

Mercadolibre: Strong Growth Potential Despite Earnings Misses

Biggest stock movers Thursday: QCOM, MELI, and more

J.P. Morgan analyst Marcelo Santos reiterated a Hold rating on Mercadolibre (MELI – Research Report) yesterday. The company's shares closed yesterd...

J.P. Morgan Keeps Their Hold Rating on Mercadolibre (MELI)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on e.l.f. Beauty (ELF – Research Report) and Mercadolibre (ME...

Analysts Conflicted on These Consumer Cyclical Names: e.l.f. Beauty (ELF) and Mercadolibre (MELI)

Cantor Fitzgerald lowered the firm's price target on MercadoLibre (MELI) to $2,300 from $2,530 and keeps an Overweight rating on the shares post th...

MercadoLibre price target lowered to $2,300 from $2,530 at Cantor Fitzgerald

In a report released today, Alexander Wright from Jefferies maintained a Buy rating on Mercadolibre (MELI – Research Report), with a price target o...

Jefferies Sticks to Its Buy Rating for Mercadolibre (MELI)

Biggest stock movers Thursday: QCOM, MPW, MELI, and more

MercadoLibre: Why I Am Aggressively Buying The Dip

LYFT

Press Releases

MercadoLibre, Inc. to Report Fourth Quarter 2023 Financial Results

MercadoLibre, Inc. Reports Fourth Quarter 2023 Financial Results

MercadoLibre, Inc. Publishes its 2024 Institutional Presentation for Investors

MercadoLibre, Inc. to Report First Quarter 2024 Financial Results

MercadoLibre, Inc. Reports First Quarter 2024 Financial Results

MercadoLibre, Inc. To Report Second Quarter 2024 Financial Results

MercadoLibre, Inc. Reports Second Quarter 2024 Financial Results

Mercado Libre | New Podcast Episode Sheds Light on Ambitious Growth Plans and Strategic Focus Across Latin America

MercadoLibre Inc., to Report Third Quarter 2024 Financial Results

Mercado Libre delivers solid Q3 results posting revenue of $5.3B driven by user and engagement surge across markets and businesses

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