Cantor Fitzgerald Has Lowered Expectations for MercadoLibre (NASDAQ:MELI) Stock Price

MercadoLibre (NASDAQ:MELI) had its target price decreased by analysts at Cantor Fitzgerald from $2,200.00 to $2,000.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s target price would indicate a potential upside of 14.95% from the company’s current price.

Several other brokerages have also weighed in on MELI. Susquehanna lifted their price target on MercadoLibre to $2,400.00 and gave the company a “positive” rating in a research note on Tuesday, October 6th. Raymond James Financial restated a “strong-buy” rating on shares of MercadoLibre in a research report on Thursday. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, New Street Research began coverage on MercadoLibre in a research note on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,230.00.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,739.88 on Thursday. The company has a market cap of $88.21 billion, a PE ratio of 47.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. MercadoLibre has a twelve month low of $1,495.00 and a twelve month high of $2,342.00. The company’s 50 day moving average is $1,824.83 and its 200 day moving average is $1,809.90. 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 posted its earnings results on Wednesday, November 4th. The company reported $8.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.27 by ($0.44). The business had revenue of $10.75 billion for the quarter, compared to analyst estimates of $10.69 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company’s revenue for the quarter was up 45.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.32 earnings per share. On average, sell-side analysts forecast that MercadoLibre will post 38.09 EPS for the current year.

Institutional Trading of MercadoLibre

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of MercadoLibre during the second quarter worth about $2,246,015,000. Jupiter Topco LLC purchased a new position in MercadoLibre in the second quarter valued at $917,123,000. Linonia Partnership LP lifted its holdings in MercadoLibre by 325.1% during the 2nd 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 last quarter. Royal Bank of Canada lifted its holdings in MercadoLibre by 114.2% during the 1st quarter. Royal Bank of Canada now owns 444,603 shares of the company’s stock worth $768,728,000 after buying an additional 237,008 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in MercadoLibre during the 2nd quarter worth about $291,146,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Key Stories Impacting MercadoLibre

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

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.