MercadoLibre's (MELI) Buy Rating Reiterated at BTIG Research

Key Points

• BTIG Research reissued a Buy rating on MercadoLibre with a $2,400 price target, implying about a 35% upside from the stock's prior close.
• MarketBeat data shows a consensus of "Moderate Buy" (1 Strong Buy, 15 Buy, 3 Hold) and an average analyst price target of $2,695.33, though several firms (Wedbush, Morgan Stanley, Cantor Fitzgerald) have recently trimmed targets.
• MercadoLibre shares opened at $1,773.96 with a 12‑month range of $1,593.21–$2,645.22; market cap ≈ $89.94B, P/E 45.02, and most recent quarter reported EPS $11.03 on $8.76B revenue.

MercadoLibre (NASDAQ:MELI - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at BTIG Research in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $2,400.00 target price on the stock. BTIG Research's price target indicates a potential upside of 35.29% from the stock's previous close.

Several other analysts have also recently weighed in on the company. Wedbush dropped their price target on MercadoLibre from $2,600.00 to $2,400.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Morgan Stanley dropped their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an "overweight" rating for the company in a report on Monday, March 9th. Itau BBA Securities reissued an "outperform" rating on shares of MercadoLibre in a report on Wednesday, February 25th. Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, February 25th. Finally, Zacks Research raised MercadoLibre from a "strong sell" rating to a "hold" rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus price target of $2,695.33.

MercadoLibre Stock Performance

MELI opened at $1,773.96 on Friday. MercadoLibre has a 12-month low of $1,593.21 and a 12-month high of $2,645.22. The stock has a market cap of $89.94 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 0.93 and a beta of 1.49. The business has a 50 day moving average of $1,814.99 and a 200-day moving average of $2,013.83. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.68.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $11.03 earnings per share for the quarter. The business had revenue of $8.76 billion during the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. On average, equities research analysts expect that MercadoLibre will post 43.96 earnings per share for the current year.

Hedge Funds Weigh In On MercadoLibre

Several hedge funds and other institutional investors have recently modified their holdings of the business. PFW Advisors LLC increased its stake in shares of MercadoLibre by 4.8% in the 3rd quarter. PFW Advisors LLC now owns 110 shares of the company's stock valued at $257,000 after purchasing an additional 5 shares during the last quarter. Yousif Capital Management LLC grew its position in MercadoLibre by 3.5% during the 3rd quarter. Yousif Capital Management LLC now owns 147 shares of the company's stock worth $344,000 after acquiring an additional 5 shares during the last quarter. Wilkinson Global Asset Management LLC grew its position in MercadoLibre by 2.3% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company's stock worth $528,000 after acquiring an additional 5 shares during the last quarter. Hardy Reed LLC raised its stake in MercadoLibre by 4.0% during the 3rd quarter. Hardy Reed LLC now owns 131 shares of the company's stock worth $306,000 after buying an additional 5 shares during the period. Finally, Rothschild Investment LLC raised its stake in MercadoLibre by 35.7% during the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company's stock worth $44,000 after buying an additional 5 shares during the period. Institutional investors own 87.62% of the company's stock.

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.

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