MercadoLibre (NASDAQ:MELI) Stock Gets Price Target Reduction from Cantor Fitzgerald

MercadoLibre (NASDAQ:MELI) had its price objective lowered by equities researchers at Cantor Fitzgerald from $2,200.00 to $2,000.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price objective indicates a potential upside of 14.95% from the stock’s current price.

A number of other research analysts also recently commented on MELI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MercadoLibre in a report on Tuesday, September 29th. JPMorgan Chase & Co. boosted their price target on MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Raymond James Financial reissued a “strong-buy” rating on shares of MercadoLibre in a research report on Thursday. BTIG Research restated a “buy” rating and set a $2,150.00 price objective on shares of MercadoLibre in a research note on Tuesday, October 27th. Finally, Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One 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. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus price target of $2,230.00.

MercadoLibre Price Performance

MELI opened at $1,739.88 on Thursday. The company has a market capitalization of $88.21 billion, a P/E ratio of 47.32, a PEG ratio of 1.17 and a beta of 1.42. The company has a 50-day moving average of $1,824.83 and a 200-day moving average of $1,809.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. MercadoLibre has a 1-year low of $1,495.00 and a 1-year high of $2,342.00.

MercadoLibre (NASDAQ:MELI) last issued 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 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 for the quarter was up 45.1% on a year-over-year basis. During the same period in the previous year, the business posted $8.32 EPS. Equities analysts expect that MercadoLibre will post 38.09 EPS for the current fiscal year.

Hedge Funds Weigh In On MercadoLibre

Several institutional investors have recently made changes to their positions in MELI. BlackRock Inc. purchased a new position in shares of MercadoLibre in the second quarter worth $2,246,015,000. Jupiter Topco LLC bought a new position in MercadoLibre during the second quarter valued at $917,123,000. Linonia Partnership LP raised its holdings in shares of MercadoLibre by 325.1% in the second 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 during the period. Royal Bank of Canada boosted its position in MercadoLibre by 114.2% in the 1st quarter. Royal Bank of Canada now owns 444,603 shares of the company’s stock valued at $768,728,000 after buying an additional 237,008 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of MercadoLibre in the 2nd quarter worth $291,146,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre News Roundup

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.