MercadoLibre (NASDAQ:MELI) Reaches New 12-Month Low After Earnings Miss

05 Nov 2026, 15:41 by Tristan Rich · The Markets Daily

Shares of MercadoLibre, Inc. (NASDAQ:MELI – Get Free Report) reached a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $1,492.35 and last traded at $1,497.8580, with a volume of 553,940 shares. The stock had previously closed at $1,739.88.

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 during 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 business’s revenue for the quarter was up 45.1% on a year-over-year basis. During the same period in the previous year, the company earned $8.32 earnings per share.

MercadoLibre News Roundup

Here are the key news stories impacting MercadoLibre this week:

Positive Sentiment: Third-quarter revenue and financial income rose 45% year over year to $10.75 billion, topping estimates, while FX-neutral revenue growth was 41%. The results reflect broad-based growth and continued fintech expansion. Q3 2026 earnings call highlights
Neutral Sentiment: BTIG Research cut its price target to $2,050 from $2,150 and Cantor Fitzgerald lowered its target to $2,000 from $2,200, but both kept positive ratings: Buy and Overweight, respectively. BTIG Research ratings Cantor Fitzgerald ratings
Negative Sentiment: EPS of $8.83 missed the $9.27 consensus estimate. Operating margin was 6.3% and edged lower sequentially as MercadoLibre invested in shipping, fulfillment capacity, marketing and technology; currency-neutral growth has also slowed for several quarters. Reuters earnings coverage

Analyst Upgrades and Downgrades

MELI has been the topic of several research reports. JPMorgan Chase & Co. increased their price objective on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. BTIG Research lowered their target price on MercadoLibre from $2,150.00 to $2,050.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James Financial restated a “strong-buy” rating on shares of MercadoLibre in a report on Thursday. Finally, Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,200.00 to $2,000.00 and set an “overweight” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,230.00.

Check Out Our Latest Stock Analysis on MercadoLibre

Institutional Trading of MercadoLibre

Several large investors have recently made changes to their positions in the stock. Lido Advisors LLC lifted its stake in shares of MercadoLibre by 6.9% in the third quarter. Lido Advisors LLC now owns 2,646 shares of the company’s stock worth $4,575,000 after buying an additional 171 shares during the last quarter. Csenge Advisory Group lifted its position in MercadoLibre by 57.1% in the third quarter. Csenge Advisory Group now owns 209 shares of the company’s stock worth $361,000 after purchasing an additional 76 shares during the period. Gryphon Financial Partners LLC boosted its position in shares of MercadoLibre by 1.2% during the 3rd quarter. Gryphon Financial Partners LLC now owns 994 shares of the company’s stock valued at $1,718,000 after acquiring an additional 12 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of MercadoLibre by 39.6% in the 3rd quarter. AlphaCore Capital LLC now owns 328 shares of the company’s stock valued at $567,000 after purchasing an additional 93 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in MercadoLibre during the third quarter worth $57,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 14.0%

The firm’s fifty 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. The stock has a market capitalization of $75.88 billion, a P/E ratio of 40.71, a P/E/G ratio of 1.17 and a beta of 1.42.

About MercadoLibre

(Get Free Report)

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.