MercadoLibre (NASDAQ:MELI) Upgraded at Citigroup

Citigroup upgraded shares of MercadoLibre (NASDAQ:MELI) from a neutral rating to a buy rating in a report released on Tuesday morning, MarketBeat reports. Citigroup currently has $2,050.00 price target on the stock, down from their prior price target of $2,100.00.

Several other research analysts have also recently commented on MELI. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of MercadoLibre in a report on Tuesday, September 29th. New Street Research started coverage on MercadoLibre in a research report on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 price target on the stock. Susquehanna upped their price target on MercadoLibre to $2,400.00 and gave the company a “positive” rating in a research report on Tuesday, October 6th. Finally, BTIG Research restated a “buy” rating and set a $2,150.00 price objective on shares of MercadoLibre in a research note on Thursday, September 3rd. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,248.75.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,660.13 on Tuesday. The firm’s fifty day simple moving average is $1,846.59 and its 200 day simple moving average is $1,818.52. The firm has a market capitalization of $84.17 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 1.18 and a beta of 1.31. MercadoLibre has a twelve month low of $1,495.00 and a twelve month high of $2,428.00. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, topping the consensus estimate of $8.65 by $0.54. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%. The company’s revenue was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.31 earnings per share. As a group, equities research analysts expect that MercadoLibre will post 38.09 earnings per share for the current fiscal year.

Institutional Trading of MercadoLibre

Several hedge funds have recently bought and sold shares of MELI. Landaas & Co. WI ADV increased its holdings in MercadoLibre by 15.5% in the third quarter. Landaas & Co. WI ADV now owns 179 shares of the company’s stock worth $309,000 after buying an additional 24 shares during the last quarter. Dala Group LLC raised its position in MercadoLibre by 12.6% during the third quarter. Dala Group LLC now owns 1,569 shares of the company’s stock valued at $2,711,000 after acquiring an additional 175 shares in the last quarter. Greenleaf Trust raised its position in MercadoLibre by 7.0% during the third quarter. Greenleaf Trust now owns 289 shares of the company’s stock valued at $500,000 after acquiring an additional 19 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in MercadoLibre in the third quarter valued at approximately $62,668,000. Finally, SFE Investment Counsel lifted its stake in MercadoLibre by 50.9% in the third quarter. SFE Investment Counsel now owns 430 shares of the company’s stock valued at $743,000 after acquiring an additional 145 shares during the last quarter. 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: Citigroup upgraded MELI to Buy, providing a potentially supportive analyst signal and suggesting the recent weakness has improved the stock’s risk-reward profile. MercadoLibre Raised to Buy at Citigroup
• Positive Sentiment: Mercado Ads remains a growth opportunity. Management discussed the advertising unit’s strategy, competitive position and expansion opportunities, including a planned Netflix partnership, which could diversify revenue and improve monetization across MercadoLibre’s ecosystem. MercadoLibre Stock Could Look Pricey Despite Fresh Advertising Expansion News
• Neutral Sentiment: MercadoLibre will report third-quarter 2026 results on November 4. The announcement gives investors a near-term catalyst; expectations for revenue growth, operating margins, credit performance and guidance are likely to drive the next major move. MercadoLibre to Report Third Quarter 2026 Financial Results
• Neutral Sentiment: MercadoLibre’s new Argentina center signals continued investment in its Latin American operations, although the articles provide no details on the facility’s expected financial contribution. Mercado Libre Opens Argentina Center
• Negative Sentiment: Valuation remains a key concern. Commentary says MELI may look expensive relative to the profits currently supporting its share price, even with rapid e-commerce, fintech and advertising growth. MercadoLibre Valuation Analysis
• Negative Sentiment: Zacks warned that MercadoLibre does not have the ideal combination of factors for a likely earnings beat, increasing caution before the November 4 report. MercadoLibre Earnings Expected to Grow

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.