MercadoLibre (NASDAQ:MELI) Given New $2,300.00 Price Target at Scotiabank

MercadoLibre (NASDAQ:MELI) had its target price lowered by analysts at Scotiabank from $2,800.00 to $2,300.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank‘s target price indicates a potential upside of 50.06% from the company’s previous close.

A number of other research firms have also recently weighed in on MELI. New Street Research assumed coverage on shares of MercadoLibre in a research note on Wednesday, September 23rd. They issued a “buy” rating and a $2,450.00 target price on the stock. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $2,200.00 to $2,000.00 and set an “overweight” rating for the company in a research note on Thursday. BTIG Research lowered their price target on shares of MercadoLibre from $2,150.00 to $2,050.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Citigroup raised MercadoLibre from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $2,100.00 to $2,050.00 in a report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and an average target price of $2,198.75.

MercadoLibre Stock Performance

Shares of NASDAQ MELI traded down $207.18 during mid-day trading on Thursday, reaching $1,532.70. 1,881,413 shares of the company’s stock were exchanged, compared to its average volume of 550,144. The firm has a 50-day moving average price of $1,824.83 and a two-hundred day moving average price of $1,809.90. 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 firm has a market capitalization of $77.71 billion, a price-to-earnings ratio of 41.36, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. MercadoLibre has a 52 week low of $1,469.01 and a 52 week high of $2,342.00.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $8.83 earnings per share for the quarter, missing the consensus estimate of $9.27 by ($0.44). MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company had revenue of $10.75 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter in the previous year, the company posted $8.32 EPS. MercadoLibre’s quarterly revenue was up 45.1% compared to the same quarter last year. Analysts predict that MercadoLibre will post 38.09 EPS for the current year.

Hedge Funds Weigh In On MercadoLibre

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC boosted its holdings in MercadoLibre by 392.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 1,113 shares of the company’s stock worth $1,924,000 after buying an additional 887 shares during the period. Lido Advisors LLC raised its holdings in MercadoLibre by 6.9% during the 3rd quarter. Lido Advisors LLC now owns 2,646 shares of the company’s stock valued at $4,575,000 after acquiring an additional 171 shares during the period. Csenge Advisory Group raised its holdings in MercadoLibre by 57.1% during the 3rd quarter. Csenge Advisory Group now owns 209 shares of the company’s stock valued at $361,000 after acquiring an additional 76 shares during the period. Gryphon Financial Partners LLC lifted its position in shares of MercadoLibre by 1.2% during the third quarter. Gryphon Financial Partners LLC now owns 994 shares of the company’s stock worth $1,718,000 after acquiring an additional 12 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its position in shares of MercadoLibre by 39.6% during the third quarter. AlphaCore Capital LLC now owns 328 shares of the company’s stock worth $567,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre News Summary

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Third-quarter revenue and financial income rose 45% year over year to $10.75 billion, topping estimates of $10.69 billion. Brazil was the strongest growth market, and the company reported broad-based expansion across its business. Quarterly results
• Positive Sentiment: Management highlighted continued fintech growth, AI adoption and plans to expand fulfillment capacity—investments that could support customer engagement and longer-term growth. Q3 earnings call highlights
• Neutral Sentiment: BTIG and Cantor Fitzgerald lowered their price targets, but kept Buy and Overweight ratings, respectively, indicating continued optimism despite reduced expectations. BTIG rating
• Negative Sentiment: Adjusted earnings came in below expectations: MELI reported $8.83 per share versus the cited analyst consensus of $9.27. The profit shortfall is weighing on sentiment despite the revenue beat. Reuters earnings report
• Negative Sentiment: Operating income fell 6% to $676 million, and operating margin contracted to 6.3% from 9.8% a year earlier. Higher shipping, fulfillment, marketing and credit-related costs are pressuring profitability; investors may also be watching a fourth consecutive quarter of slower currency-neutral growth. Margin and investment coverage

MercadoLibre Company Profile

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.