Wedbush Issues Optimistic Estimate for MercadoLibre Earnings

MercadoLibre, Inc. (NASDAQ:MELI) – Equities research analysts at Wedbush increased their FY2026 earnings estimates for MercadoLibre in a note issued to investors on Thursday, February 20th. Wedbush analyst S. Devitt now anticipates that the company will post earnings per share of $60.00 for the year, up from their previous forecast of $59.20. Wedbush has a “Outperform” rating and a $2,100.00 price objective on the stock. The consensus estimate for MercadoLibre’s current full-year earnings is $43.96 per share.

Several other brokerages have also recently commented on MELI. Cantor Fitzgerald lifted their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup lowered their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price on the stock in a research report on Tuesday, January 21st. Susquehanna increased their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Finally, Bank of America increased their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of “Buy” and an average target price of $2,385.94.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,168.60 on Monday. The company has a market cap of $109.94 billion, a PE ratio of 57.52, a P/E/G ratio of 1.12 and a beta of 1.62. MercadoLibre has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The business has a 50-day simple moving average of $1,883.02 and a two-hundred day simple moving average of $1,962.50.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.21 by $2.40. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%.

Insider Activity at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MercadoLibre

Several large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new stake in MercadoLibre during the fourth quarter valued at approximately $32,000. Chokshi & Queen Wealth Advisors Inc bought a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $383,000. Cypress Asset Management Inc. TX acquired a new stake in shares of MercadoLibre during the 4th quarter valued at approximately $7,490,000. Mackenzie Financial Corp lifted its stake in MercadoLibre by 48.4% during the fourth quarter. Mackenzie Financial Corp now owns 497 shares of the company’s stock worth $845,000 after purchasing an additional 162 shares during the last quarter. Finally, ARQ Wealth Advisors LLC boosted its holdings in MercadoLibre by 16.0% in the fourth quarter. ARQ Wealth Advisors LLC now owns 174 shares of the company’s stock worth $296,000 after purchasing an additional 24 shares during the period. Institutional investors own 87.62% of the company’s stock.

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.