MercadoLibre (NASDAQ:MELI) Given New $2,800.00 Price Target at Scotiabank

MercadoLibre (NASDAQ:MELI) had its price target decreased by Scotiabank from $3,500.00 to $2,800.00 in a report published on Thursday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Weiss Ratings lowered shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. cut shares of MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Morgan Stanley cut their target price on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Finally, BTIG Research reiterated a “buy” rating and set a $2,400.00 price target on shares of MercadoLibre in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,638.67.

MercadoLibre Stock Up 1.6%

MercadoLibre stock opened at $1,870.01 on Thursday. The firm has a market capitalization of $94.81 billion, a P/E ratio of 47.46, a P/E/G ratio of 0.93 and a beta of 1.41. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. MercadoLibre has a twelve month low of $1,593.21 and a twelve month high of $2,645.22. The stock’s fifty day simple moving average is $1,755.81 and its 200-day simple moving average is $1,967.33.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion for the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same quarter last year, the company earned $9.74 EPS. As a group, equities analysts expect that MercadoLibre will post 47.84 earnings per share for the current fiscal year.

Institutional Trading of MercadoLibre

Hedge funds and other institutional investors have recently made changes to their positions in the company. Weitz Investment Management Inc. acquired a new position in MercadoLibre during the third quarter worth $8,647,000. Barlow Wealth Partners Inc. boosted its position in shares of MercadoLibre by 126.7% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock worth $26,886,000 after purchasing an additional 6,429 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of MercadoLibre by 14.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company’s stock worth $202,610,000 after purchasing an additional 10,849 shares during the period. Principal Financial Group Inc. increased its holdings in shares of MercadoLibre by 18.7% in the 3rd quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock valued at $112,414,000 after purchasing an additional 7,570 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of MercadoLibre by 5.5% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,560 shares of the company’s stock worth $27,015,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre News Roundup

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Revenue surged 49% YoY to $8.85B — the fastest growth since 2Q22 — and topped Street revenue estimates, supporting the long‑run growth thesis. Business Wire: Q1 Results
• Positive Sentiment: Management highlighted AI upside and that strategic moves (lowering Brazil free‑shipping threshold, Mercado Pago card, logistics/selection) are driving durable commerce gains — a narrative that supports multiple‑year growth expectations. Seeking Alpha: AI Upside
• Neutral Sentiment: Scotiabank trimmed its price target (from $3,500 to $2,800) but kept a sector‑outperform stance, indicating confidence in MELI’s long‑term position despite near‑term profit tradeoffs. Benzinga: PT Cut
• Neutral Sentiment: The print generated wide media coverage and overnight chatter, which can amplify intraday moves as traders reprice growth vs. margin risk. MSN: Trending
• Negative Sentiment: GAAP EPS of $8.23 missed consensus (~$8.75) and fell from $9.74 a year ago, raising near‑term profitability concerns despite the revenue beat. MarketBeat: Earnings Summary
• Negative Sentiment: Shares dropped sharply in after‑hours trading following the EPS miss, reflecting investor sensitivity to margin deterioration and profit guidance uncertainty. Investing.com: After‑hours Drop
• Negative Sentiment: Company is intentionally sacrificing short‑term profits for market share (free shipping, logistics, fintech product investments), which pressures margins and makes near‑term earnings outcomes more volatile. PYMNTS: Investment vs. Profit

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.