Jefferies keeps Buy rating for MercadoLibre stock at USD 2,600 target

Published on 10/20/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 10.17 billion, up 49.80 percent year over year. MercadoLibre stock was at EUR 1,638.20 on October 20, 2026.

Analyst view and earnings schedule

Jefferies reiterated a Buy rating and set a USD 2,600.00 target on October 18, 2026.
Second-quarter revenue reached USD 10.17 billion for the period ended June 30, 2026.
MercadoLibre stock was trading at EUR 1,638.20 at 10:35 a.m. CEST at Lang & Schwarz on October 20, 2026.
MercadoLibre is scheduled to announce third-quarter results on November 4, 2026.

MELI, US58733R1023, Illustration mit AI erstellt.

MercadoLibre (US58733R1023) was trading at EUR 1,638.20 at Lang & Schwarz on October 20, 2026 at 10:35 a.m. CEST. Business Insider reported on October 18, 2026 that Jefferies analyst Alexander Wright reiterated a Buy rating and set a USD 2,600.00 price target. The view keeps the upcoming earnings report central to the stock story.

Jefferies keeps growth in focus

MercadoLibre's second-quarter revenue reached USD 10.17 billion for the period ended June 30, 2026, up 49.80 percent from USD 6.79 billion in the prior-year quarter, according to Business Insider. Net profit was USD 466 million, compared with USD 523 million a year earlier, while the company continued investing in commerce, payments and logistics.

The operating trade-off is visible in the second-quarter operating profit of USD 683 million and a 6.70 percent operating margin. Revenue growth therefore remains powerful, but profitability is the figure that can determine whether the Jefferies target attracts further support.

Three milestones shaped the year

On August 5, 2026, MercadoLibre reported second-quarter revenue of USD 10.17 billion through a release carried by StockAnalysis. On September 10, 2026, the company issued USD 1.00 billion of senior unsecured notes due in 2036, also reported by StockAnalysis. On October 18, 2026, Jefferies reiterated its Buy rating and set the USD 2,600.00 target, according to Business Insider.

What does the next date mean?

Yahoo Finance lists November 4, 2026, as MercadoLibre's third-quarter earnings announcement date. MarketBeat lists an earnings call for October 28, 2026 at 5:00 p.m. ET. The next report will test whether revenue momentum can coexist with a margin above the 6.70 percent second-quarter level.

Price stays the immediate reference

MercadoLibre's euro quotation gives German investors a current reference for the Nasdaq-listed company. The business profile combines online retail with Mercado Pago financial services, while the latest quarterly figures show both a USD 10.17 billion revenue base and USD 466 million in net profit.

MercadoLibre was trading at EUR 1,638.20 at Lang & Schwarz on October 20, 2026 at 10:35 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of MercadoLibre stock.