MercadoLibre (NASDAQ:MELI) Stock Price Target Cut by Scotiabank

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

A number of other equities research analysts have also recently issued reports on MELI. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Raymond James Financial reiterated a “strong-buy” rating on shares of MercadoLibre in a report on Thursday. Susquehanna boosted their price target on MercadoLibre to $2,400.00 and gave the stock a “positive” rating in a research report on Tuesday, October 6th. Citigroup raised MercadoLibre from a “neutral” rating to a “buy” rating and cut their price objective for the company from $2,100.00 to $2,050.00 in a research report on Tuesday, October 27th. Finally, BTIG Research reduced their target price on MercadoLibre from $2,150.00 to $2,050.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,198.75.

MercadoLibre Stock Down 11.9%

Shares of NASDAQ:MELI traded down $207.18 during midday trading on Thursday, hitting $1,532.70. The stock had a trading volume of 1,881,413 shares, compared to its average volume of 550,144. MercadoLibre has a 12 month low of $1,469.01 and a 12 month high of $2,342.00. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53. The business’s 50-day simple moving average is $1,824.83 and its 200-day simple moving average is $1,809.90. The company has a market cap of $77.71 billion, a P/E ratio of 41.36, a PEG ratio of 1.17 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results 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 firm had revenue of $10.75 billion for the quarter, compared to the consensus estimate of $10.69 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%. The business’s revenue was up 45.1% compared to the same quarter last year. During the same period last year, the company posted $8.32 earnings per share. On average, sell-side analysts forecast that MercadoLibre will post 38.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MELI. BlackRock Inc. bought a new stake in MercadoLibre in the 2nd quarter worth about $2,246,015,000. Janus Henderson Group PLC lifted its position in shares of MercadoLibre by 1.7% during the 1st quarter. Janus Henderson Group PLC now owns 614,238 shares of the company’s stock worth $1,062,019,000 after buying an additional 10,142 shares in the last quarter. Linonia Partnership LP lifted its position in shares of MercadoLibre by 325.1% during the 2nd quarter. Linonia Partnership LP now owns 553,788 shares of the company’s stock worth $939,994,000 after buying an additional 423,527 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of MercadoLibre in the 2nd quarter worth approximately $917,123,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of MercadoLibre by 7.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 533,816 shares of the company’s stock worth $906,094,000 after buying an additional 38,871 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Trending Headlines about MercadoLibre

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

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.