Citigroup Upgrades MercadoLibre (NASDAQ:MELI) to “Buy”

MercadoLibre (NASDAQ:MELI) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a $2,050.00 price objective on the stock. Citigroup‘s price objective would indicate a potential upside of 22.85% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Cantor Fitzgerald cut their price objective on MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Susquehanna boosted their target price on shares of MercadoLibre to $2,400.00 and gave the company a “positive” rating in a research note on Tuesday, October 6th. BTIG Research restated a “buy” rating and issued a $2,150.00 target price on shares of MercadoLibre in a research report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. increased their price objective on MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,248.75.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,668.72 on Tuesday. The company has a market cap of $84.60 billion, a P/E ratio of 45.38, a P/E/G ratio of 1.27 and a beta of 1.31. MercadoLibre has a 1-year low of $1,495.00 and a 1-year high of $2,428.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a 50-day moving average of $1,859.34 and a two-hundred day moving average of $1,828.64.

MercadoLibre (NASDAQ:MELI) last released its earnings results 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 firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.31 earnings per share. As a group, analysts anticipate that MercadoLibre will post 38.09 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MELI. Wedbush Fund Advisers LLC bought a new position in shares of MercadoLibre in the second quarter worth about $29,000. Twin Lakes Capital Management LLC acquired a new position in MercadoLibre in the second quarter valued at about $31,000. NBT Bank N.A. acquired a new position in MercadoLibre during the third quarter valued at approximately $35,000. Markowski Investments bought a new stake in shares of MercadoLibre in the 2nd quarter valued at $36,000. Finally, Byrne Asset Management LLC bought a new stake in MercadoLibre during the 3rd quarter worth approximately $40,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Some analysts view the post-election selloff as a potential buying opportunity. MercadoLibre continues to benefit from strong e-commerce sales, rising buyer engagement and logistics improvements, while recent earnings showed revenue growth of nearly 50% year over year and a quarterly EPS beat. Why MercadoLibre stock’s post-election dip is a buying opportunity
• Positive Sentiment: MercadoLibre was identified as one of several stocks potentially marked down too far ahead of important earnings or other catalysts. A reported average analyst price target of $2,251.88 also suggests substantial upside if political concerns ease and business momentum continues. Buy the Dip: 4 Stocks the Market Marked Down Too Far Ahead of Big Catalysts
• Neutral Sentiment: Compared with Uber Technologies, MercadoLibre generates less revenue in absolute terms, although both companies have maintained a consistent upward revenue trend through mid-2026. The comparison highlights MercadoLibre’s smaller scale but does not indicate a change in its growth trajectory. MercadoLibre vs. Uber Technologies: Comparing Recent Quarterly Revenue Trends
• Neutral Sentiment: Data reporting a large increase in short interest simultaneously lists total short interest at zero shares and a zero-day days-to-cover ratio. If accurate, this provides no evidence of meaningful short-selling pressure or a potential short squeeze.
• Negative Sentiment: President Luiz Inácio Lula da Silva’s surprise election victory disrupted expectations for a more market-friendly Brazilian administration. Investors are reducing bets on tighter government spending and lower corporate taxes, pressuring Brazil-focused equities and MercadoLibre in particular. Brazilian Stocks Tumble as Lula Wins Surprise Fourth Term
• Negative Sentiment: Despite robust marketplace growth, investors remain concerned that margin pressure and MercadoLibre’s premium valuation leave less room for political or macroeconomic disappointments. Can MercadoLibre Keep Expanding Marketplace Leadership?

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.