MercadoLibre (NASDAQ:MELI) Price Target Lowered to $2,380.00 at Benchmark

MercadoLibre (NASDAQ:MELI) had its price target lowered by research analysts at Benchmark from $2,780.00 to $2,380.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 45.86% from the stock’s current price.

Several other analysts also recently issued reports on MELI. Barclays lowered their price objective on shares of 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. Morgan Stanley lowered their price objective on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. 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 report on Tuesday, April 7th. Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Daiwa Securities Group downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,515.33.

MercadoLibre Trading Down 12.7%

MELI traded down $238.27 on Friday, reaching $1,631.74. 2,139,006 shares of the company’s stock were exchanged, compared to its average volume of 549,003. The company’s 50 day moving average is $1,755.81 and its 200-day moving average is $1,967.33. The company has a market cap of $82.73 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 0.93 and a beta of 1.41. MercadoLibre has a twelve month low of $1,593.21 and a twelve month high of $2,645.22. 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 (NASDAQ:MELI) last posted its earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business had revenue of $8.85 billion for the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same period last year, the company posted $9.74 EPS. Equities analysts predict that MercadoLibre will post 47.84 earnings per share for the current year.

Hedge Funds Weigh In On MercadoLibre

Institutional investors and hedge funds have recently made changes to their positions in the business. Weitz Investment Management Inc. bought a new position in MercadoLibre during the third quarter worth $8,647,000. Barlow Wealth Partners Inc. lifted its stake in MercadoLibre by 126.7% during the third quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock worth $26,886,000 after purchasing an additional 6,429 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in MercadoLibre by 14.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 86,699 shares of the company’s stock worth $202,610,000 after purchasing an additional 10,849 shares during the last quarter. Principal Financial Group Inc. lifted its stake in MercadoLibre by 18.7% during the third quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock worth $112,414,000 after purchasing an additional 7,570 shares during the last quarter. Finally, Donaldson Capital Management LLC lifted its stake in MercadoLibre by 65.0% during the third quarter. Donaldson Capital Management LLC now owns 2,678 shares of the company’s stock worth $6,258,000 after purchasing an additional 1,055 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

More MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: MercadoLibre reported a 49% year-over-year surge in revenue, highlighting strong momentum in commerce, fintech, and advertising, along with continued market-share gains. Article Title
• Positive Sentiment: Analysts remained constructive overall despite the selloff, with BTIG keeping a buy rating and Scotiabank maintaining sector outperform, suggesting many still see meaningful upside from current levels. Article Title
• Neutral Sentiment: Management emphasized ongoing investment in free shipping, first-party selection, and fintech products, signaling that profitability may stay under pressure in the near term as MercadoLibre prioritizes growth. Article Title
• Negative Sentiment: The Q1 earnings miss has overshadowed the revenue beat and sparked the stock’s decline, with traders reacting to weaker-than-expected bottom-line results and lower margins versus last year. Article Title
• Negative Sentiment: Daiwa Securities downgraded MercadoLibre from buy to hold, which may add to near-term sentiment pressure even though its price target still implies upside. Article Title

About MercadoLibre

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.