What is Wedbush's Forecast for MercadoLibre FY2026 Earnings?

Key Points

• Wedbush Analyst Estimate: Wedbush has raised its FY2026 earnings per share forecast for MercadoLibre to $64.57, reflecting an increase from $62.00, while the consensus estimate for the current year sits at $43.96 per share.
• Price Target Adjustments: Goldman Sachs raised MercadoLibre's target price to $3,000, while other firms adjusted their targets as well, generally indicating positive sentiment with multiple "buy" ratings.
• Recent Earnings Performance: MercadoLibre reported $10.31 EPS in its latest quarter, falling short of estimates, but showed strong revenue growth of 33.8% year-over-year at $6.79 billion.

MercadoLibre, Inc. (NASDAQ:MELI - Free Report) - Wedbush lifted their FY2026 earnings per share estimates for shares of MercadoLibre in a research report issued to clients and investors on Tuesday, August 5th. Wedbush analyst S. Devitt now forecasts that the company will post earnings of $64.57 per share for the year, up from their prior estimate of $62.00. Wedbush currently has a "Outperform" rating and a $2,700.00 target price on the stock. The consensus estimate for MercadoLibre's current full-year earnings is $43.96 per share.

Several other research firms also recently weighed in on MELI. Scotiabank assumed coverage on shares of MercadoLibre in a research report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 target price on the stock. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Susquehanna restated a "positive" rating and issued a $2,975.00 price target (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Citigroup reissued a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of "Moderate Buy" and an average target price of $2,795.00.

MercadoLibre Trading Up 0.8%

MELI traded up $18.88 during trading on Wednesday, reaching $2,353.70. The company had a trading volume of 303,477 shares, compared to its average volume of 345,695. The firm's 50-day simple moving average is $2,437.60 and its 200 day simple moving average is $2,241.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The company has a market cap of $119.33 billion, a price-to-earnings ratio of 58.13, a PEG ratio of 1.43 and a beta of 1.46. MercadoLibre has a 12-month low of $1,646.00 and a 12-month high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%. The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same period last year, the firm earned $10.48 earnings per share. The firm's revenue for the quarter was up 33.8% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MELI. Bank Pictet & Cie Europe AG acquired a new position in MercadoLibre in the 4th quarter worth about $561,000. Geode Capital Management LLC increased its position in MercadoLibre by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 59,680 shares of the company's stock worth $98,723,000 after purchasing an additional 1,549 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in MercadoLibre in the 4th quarter worth about $206,000. Cerity Partners LLC increased its position in MercadoLibre by 1.0% in the 4th quarter. Cerity Partners LLC now owns 4,926 shares of the company's stock worth $8,948,000 after purchasing an additional 51 shares during the last quarter. Finally, Bank of Montreal Can increased its position in MercadoLibre by 17.1% in the 4th quarter. Bank of Montreal Can now owns 18,809 shares of the company's stock worth $31,984,000 after purchasing an additional 2,750 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.