Scotiabank Cuts MercadoLibre (NASDAQ:MELI) Price Target to $2,800.00

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

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and lowered their price objective for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. BTIG Research reissued a “buy” rating and issued a $2,400.00 target price on shares of MercadoLibre in a research note on Friday, April 10th. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Barclays lowered their price target on MercadoLibre from $2,600.00 to $2,500.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,465.33.

MercadoLibre Stock Down 12.7%

Shares of MercadoLibre stock opened at $1,632.52 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre has a 52-week low of $1,593.21 and a 52-week high of $2,645.22. The company’s 50 day moving average price is $1,755.81 and its 200-day moving average price is $1,967.33. The stock has a market capitalization of $82.76 billion, a price-to-earnings ratio of 43.09, a P/E/G ratio of 0.83 and a beta of 1.41.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The firm had revenue of $8.85 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $9.74 earnings per share. Equities research analysts forecast that MercadoLibre will post 47.84 EPS for the current year.

Institutional Investors Weigh In On MercadoLibre

Hedge funds have recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in MercadoLibre by 22.5% in the fourth quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock worth $4,481,812,000 after purchasing an additional 408,939 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of MercadoLibre by 803.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock valued at $671,665,000 after purchasing an additional 296,543 shares during the last quarter. Norges Bank purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $597,045,000. Marshall Wace LLP boosted its position in shares of MercadoLibre by 184.8% in the 4th quarter. Marshall Wace LLP now owns 311,818 shares of the company’s stock worth $628,083,000 after purchasing an additional 202,322 shares in the last quarter. Finally, Flossbach Von Storch SE grew its stake in shares of MercadoLibre by 1,669.4% in the 3rd quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock worth $424,666,000 after buying an additional 171,449 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Trending Headlines about MercadoLibre

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.