MercadoLibre traded at $1,947.90 this Monday August 24th, increasing $25.17 or 1.31 percent since the previous trading session. Looking back, over the last four weeks, MercadoLibre gained 7.04 percent. Over the last 12 months, its price fell by 19.10 percent. Looking ahead, we forecast MercadoLibre to be priced at 1,881.58 by the end of this quarter and at 1,763.35 in one year, according to Trading Economics global macro models projections and analysts expectations.
MercadoLibre, Inc. is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America). It also operates online commerce platforms in the Dominican Republic, Honduras, Nicaragua, Salvador, Panama, Bolivia, Guatemala, Paraguay and Portugal. It offers an ecosystem of six integrated e-commerce services: the MercadoLibre Marketplace, the MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre advertising program, the MercadoShops online Webstores solution and the MercadoEnvios shipping service.