MercadoLibre (NASDAQ:MELI) Price Target Cut to $2,050.00 by Analysts at BTIG Research

MercadoLibre (NASDAQ:MELI) had its price objective cut by equities research analysts at BTIG Research from $2,150.00 to $2,050.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research‘s target price would indicate a potential upside of 17.82% from the company’s previous close.

A number of other research analysts have also commented on MELI. JPMorgan Chase & Co. raised their price objective on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Raymond James Financial reiterated a “strong-buy” rating on shares of MercadoLibre in a research report on Thursday. Cantor Fitzgerald cut their target price 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. New Street Research initiated coverage on MercadoLibre in a report on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 price objective on the stock. Finally, Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,230.00.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,739.88 on Thursday. MercadoLibre has a 1 year low of $1,495.00 and a 1 year high of $2,342.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market capitalization of $88.21 billion, a PE ratio of 47.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. The company’s fifty day moving average price is $1,824.83 and its 200 day moving average price is $1,809.90.

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

Institutional Investors Weigh In On MercadoLibre

Hedge funds and other institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd grew its holdings in shares of MercadoLibre by 24.0% during the first quarter. Y.D. More Investments Ltd now owns 31 shares of the company’s stock valued at $53,000 after buying an additional 6 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in MercadoLibre by 2.9% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 212 shares of the company’s stock valued at $367,000 after purchasing an additional 6 shares during the period. Moody National Bank Trust Division increased its position in MercadoLibre by 0.8% in the second quarter. Moody National Bank Trust Division now owns 733 shares of the company’s stock worth $1,244,000 after purchasing an additional 6 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of MercadoLibre by 0.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,227 shares of the company’s stock valued at $2,083,000 after buying an additional 6 shares during the period. Finally, Matrix Trust Co lifted its stake in MercadoLibre by 1.3% in the third quarter. Matrix Trust Co now owns 458 shares of the company’s stock worth $792,000 after acquiring an additional 6 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Trending Headlines about MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Revenue and financial income rose 45% year over year to $10.75 billion, topping estimates, with Brazil a key growth driver. The company also reported broad-based 41% FX-neutral revenue growth and continued fintech expansion. Q3 results announcement
• Positive Sentiment: MercadoLibre plans to expand fulfillment capacity by about 20%, supporting delivery capabilities and future commerce growth. Management is also emphasizing credit-risk discipline while continuing affiliate investments. Fulfillment expansion and investment plans
• Negative Sentiment: EPS was $8.83, below the consensus estimate of $9.27 (and the $9.41 estimate cited by another report), though above $8.32 a year earlier. The earnings miss may temper enthusiasm despite the revenue beat. Q3 earnings estimate comparison
• Negative Sentiment: Operating income was $676 million, with a 6.3% margin that declined slightly quarter over quarter. Higher shipping, fulfillment, marketing, technology and affiliate costs—as well as credit-related spending—are squeezing profitability. Reuters report on earnings and logistics spending
• Negative Sentiment: One report noted that currency-neutral growth has slowed for a fourth consecutive quarter, raising questions about the pace of expansion even as reported revenue remains strong. Growth and margin analysis

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.