Scotiabank Issues Pessimistic Forecast for MercadoLibre (NASDAQ:MELI) Stock Price

MercadoLibre (NASDAQ:MELI) had its price objective reduced by analysts at Scotiabank from $3,500.00 to $2,800.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 71.51% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Wedbush cut their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Weiss Ratings downgraded MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Barclays cut their price target on MercadoLibre from $2,600.00 to $2,500.00 and set an “overweight” rating for the company in a report on Monday, April 20th. UBS Group cut their price target on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. downgraded MercadoLibre from an “overweight” rating to a “neutral” rating and cut their price target for the company from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $2,465.33.

MercadoLibre Trading Down 12.7%

NASDAQ MELI opened at $1,632.52 on Thursday. The company has a market cap of $82.77 billion, a PE ratio of 43.09, a PEG ratio of 0.95 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 12 month low of $1,593.21 and a 12 month high of $2,645.22. The stock has a 50 day moving average of $1,755.81 and a 200-day moving average of $1,967.33.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). The company had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 30.84%. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period in the previous year, the company posted $9.74 EPS. On average, equities research analysts anticipate that MercadoLibre will post 47.84 EPS for the current fiscal year.

Institutional Investors Weigh In On MercadoLibre

A number of hedge funds and other institutional investors have recently modified their holdings of MELI. Laurel Wealth Advisors LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $26,000. Transamerica Financial Advisors LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $26,000. Purpose Unlimited Inc. acquired a new stake in shares of MercadoLibre during the fourth quarter worth $28,000. Darwin Wealth Management LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $29,000. Finally, Curio Wealth LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $30,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Key MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: MercadoLibre reported 49% year-over-year revenue growth to about $8.85 billion, showing continued strength in commerce, fintech, and ad sales, and management said strategic investments are driving market share gains. Article: Mercado Libre Kicks Off 2026 with Fastest Revenue Growth in Almost Four Years as Strategic Investments Drive Market Share Gains
• Positive Sentiment: Despite the selloff, multiple firms still kept buy or outperform ratings, including Benchmark, BTIG, and Scotiabank, signaling that some analysts still see substantial upside from current levels. Article: Analyst price target updates
• Neutral Sentiment: Management emphasized that it is prioritizing growth investments such as free shipping, a Mercado Pago credit card, first-party selection, and cross-border trade, which supports long-term expansion but can weigh on near-term margins. Article: Mercado Libre Sacrifices Short-Term Profits to Fuel Growth
• Neutral Sentiment: The company’s earnings call and transcripts reinforced the same message: strong revenue momentum, but continued investment posture and pressure on profitability metrics. Article: MercadoLibre, Inc. (MELI) Q1 2026 Earnings Call Transcript
• Negative Sentiment: MercadoLibre posted $8.23 EPS, missing analyst expectations even though revenue beat estimates, which is the main reason the stock is reacting negatively. Article: MercadoLibre (NASDAQ:MELI) Exceeds Q1 CY2026 Expectations But Stock Drops
• Negative Sentiment: Analysts turned more cautious after the report: Daiwa downgraded MELI to hold, and Benchmark, BTIG, and Scotiabank all cut price targets, which adds to near-term sentiment headwinds. Article: Benchmark price target lowered

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.