MercadoLibre (NASDAQ:MELI) Stock Price Target Cut by BTIG Research

MercadoLibre (NASDAQ:MELI) had its price target decreased by investment analysts at BTIG Research from $2,150.00 to $2,050.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research‘s target price would suggest a potential upside of 17.82% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Cantor Fitzgerald lowered their price target on shares of MercadoLibre from $2,200.00 to $2,000.00 and set an “overweight” rating on the stock in a research note on Thursday. New Street Research assumed coverage on MercadoLibre in a research note on Wednesday, September 23rd. They issued a “buy” rating and a $2,450.00 price target on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of MercadoLibre in a report on Thursday. Finally, Susquehanna boosted their target price on shares of MercadoLibre to $2,400.00 and gave the company a “positive” rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,230.00.

MercadoLibre Stock Up 4.7%

MELI opened at $1,739.88 on Thursday. The business has a 50-day moving average of $1,824.83 and a two-hundred day moving average of $1,809.90. MercadoLibre has a 12 month low of $1,495.00 and a 12 month high of $2,342.00. 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 stock has a market capitalization of $88.21 billion, a price-to-earnings ratio of 47.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, November 4th. The company reported $8.83 EPS for the quarter, missing the consensus estimate of $9.27 by ($0.44). The company had revenue of $10.75 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $8.32 earnings per share. On average, research analysts expect that MercadoLibre will post 38.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MELI. Lido Advisors LLC raised its position in MercadoLibre by 6.9% in the third quarter. Lido Advisors LLC now owns 2,646 shares of the company’s stock valued at $4,575,000 after purchasing an additional 171 shares during the period. Csenge Advisory Group lifted its holdings in shares of MercadoLibre by 57.1% during the third quarter. Csenge Advisory Group now owns 209 shares of the company’s stock worth $361,000 after purchasing an additional 76 shares during the period. Gryphon Financial Partners LLC boosted its holdings in 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 buying an additional 12 shares in the last quarter. AlphaCore Capital LLC raised its stake in shares of MercadoLibre by 39.6% during the 3rd quarter. AlphaCore Capital LLC now owns 328 shares of the company’s stock worth $567,000 after buying an additional 93 shares during the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of MercadoLibre in the third quarter valued at $57,000. Hedge funds and other 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: 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

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.