Shares of MercadoLibre, Inc. (NASDAQ:MELI – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $2,248.75.
Several analysts have recently issued reports on the company. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. BTIG Research reissued a “buy” rating and issued a $2,150.00 price objective on shares of MercadoLibre in a research report on Tuesday. Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. JPMorgan Chase & Co. lifted their price target on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, New Street Research started coverage on MercadoLibre in a research report on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 price objective for the company.
Check Out Our Latest Analysis on MercadoLibre
MercadoLibre Price Performance
MercadoLibre (NASDAQ:MELI – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, topping analysts’ consensus estimates of $8.65 by $0.54. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%. The firm’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.31 earnings per share. Equities research analysts expect that MercadoLibre will post 38.09 EPS for the current fiscal year.
MercadoLibre News Roundup
Here are the key news stories impacting MercadoLibre this week:
- Positive Sentiment: Citigroup upgraded MercadoLibre to Buy, providing a supportive analyst signal and suggesting the bank sees upside potential in the shares. MercadoLibre Raised to Buy at Citigroup
- Positive Sentiment: MercadoLibre received bullish calls in a Wall Street market wrap, indicating that some market participants remain constructive on the Latin American e-commerce and fintech company ahead of its results. Stocktwits Wall Street Wrap
- Neutral Sentiment: Third-quarter results are scheduled for November 4, 2026. MercadoLibre will report results for the quarter ended September 30, making the release the primary upcoming driver for the stock. MercadoLibre to Report Third Quarter 2026 Financial Results
- Negative Sentiment: The stock fell more sharply than the broader market, suggesting company-specific selling pressure rather than simply a broad market move. The decline comes as investors position for the earnings announcement and assess whether expectations are already reflected in MELI’s valuation. MercadoLibre Falls More Steeply Than Broader Market
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MELI. Cowa LLC acquired a new stake in shares of MercadoLibre during the third quarter valued at approximately $268,000. Jacksonville Wealth Management LLC lifted its stake in MercadoLibre by 2.8% in the 3rd quarter. Jacksonville Wealth Management LLC now owns 617 shares of the company’s stock worth $1,066,000 after acquiring an additional 17 shares in the last quarter. Markel Group Inc. boosted its position in MercadoLibre by 0.8% during the 3rd quarter. Markel Group Inc. now owns 24,200 shares of the company’s stock worth $41,830,000 after acquiring an additional 200 shares during the period. Provenance Wealth Advisors LLC acquired a new stake in MercadoLibre during the 3rd quarter worth about $124,000. Finally, TrinityBridge Ltd grew its stake in MercadoLibre by 19.4% during the 3rd quarter. TrinityBridge Ltd now owns 4,327 shares of the company’s stock valued at $7,482,000 after acquiring an additional 703 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.
About MercadoLibre
MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.
Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.
MercadoLibre’s financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.
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