Commerce Growth: Mercado Libre reported a 39% YoY increase in net revenue to $7.4 billion, with significant growth in Brazil, Mexico, and Argentina, where items sold grew by 42%, 42%, and 34% YoY respectively.
Fintech Expansion: Mercado Pago reached 72 million monthly active users, a 29% YoY increase, with its credit portfolio growing 83% YoY to $11 billion, making it the most used credit card in Brazil.
Advertising Revenue: The company experienced a 63% YoY growth in FX-neutral advertising revenue, driven by strong performance in Brazil and Mexico, alongside new partnerships with Roku and HBO.
Impact on SMEs: Mercado Libre's ecosystem supports over 9.5 million entrepreneurs and SMEs in Latin America, providing crucial access to credit and digital payment solutions, which significantly contribute to their income and sales growth.
MELI
$2005.71+Infinity%1D
Analyst Views on MELI
Wall Street analysts forecast MELI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MELI is 2811 USD with a low forecast of 2500 USD and a high forecast of 3000 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast MELI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MELI is 2811 USD with a low forecast of 2500 USD and a high forecast of 3000 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 1998.210
Low
2500
Averages
2811
High
3000
Current: 1998.210
Low
2500
Averages
2811
High
3000
Wedbush
Outperform
downgrade
2025-12-19
Reason
Wedbush
Price Target
2025-12-19
downgrade
Outperform
Reason
Wedbush lowered the firm's price target on MercadoLibre to $2,700 from $2,800 and keeps an Outperform rating on the shares. MercadoLibre is one of the firm's top picks as the company progresses through the current investment cycle, and Wedbush is most focused on underlying demand trends and competition across core markets, expense growth in 2026 following the impact of logistics investments and rising S&M costs, and management's ability to scale the loan book while appropriately managing risk, the analyst tells investors in a research note.
UBS
Kaio Prato
downgrade
2025-11-24
Reason
UBS
Kaio Prato
Price Target
2025-11-24
downgrade
Reason
UBS analyst Kaio Prato lowered the firm's price target on MercadoLibre to $2,900 from $3,000.
Citi
Buy
downgrade
2025-11-17
Reason
Citi
Price Target
2025-11-17
downgrade
Buy
Reason
Citi lowered the firm's price target on MercadoLibre to $2,500 from $2,700 and keeps a Buy rating on the shares. Citi also opened a "90-day negative short-term" on MercadoLibre. The firm cites investors concerns around competition and potential downward earnings estimate revisions for the negative view. However, Citi believes the stock's risk/reward is favorable following the 11% pullback post earnings.
Morgan Stanley
Andrew Ruben
maintain
2025-11-03
Reason
Morgan Stanley
Andrew Ruben
Price Target
2025-11-03
maintain
Reason
Morgan Stanley analyst Andrew Ruben raised the firm's price target on MercadoLibre to $2,950 from $2,850 and keeps an Overweight rating on the shares. After a review of the company's 10-Q filing, the firm raised its Brazil ex-forex GMV growth estimate 5 points to 34% for Q4, while persistent logistics spending brings its 2026 EBIT estimate down 8% to $4.6B.
About MELI
MercadoLibre Inc is a Uruguay-based e-commerce business facilitator of Argentinian origins. The e-commerce products enable retail and wholesale via Internet platforms designed to provide users with a portfolio of services to facilitate commercial transactions. The Company's geographic coverage includes 18 countries of Latin America. The primary offer is an ecosystem of six integrated e-commerce services: the Mercado Libre Marketplace, the Mercado Libre Classifieds service, the Mercado Pago payments solution, the Mercado Credito financial solutions, the Mercado Envios logistic solutions including shipping, the Mercado Ads advertising platform and the Mercado Shops digital storefront solution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
