Jefferies keeps USD 2,600 target for MercadoLibre stock

Published on 10/06/2026 at 13:21 | 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 costs EUR 1,664.50 on October 6, 2026 versus EUR 1,658.70.

MELI, US58733R1023, Illustration mit AI erstellt.

MercadoLibre (ISIN US58733R1023) received a Buy reiteration and a USD 2,600 price target from Jefferies on October 5, 2026, as Investing.com reported. The target stands 56.14 percent above the Lang & Schwarz price of EUR 1,664.50, using the USD target only as separate analyst context. Jefferies also cited MercadoLibre's expansion into drug retail and stronger free cash flow trends.

Jefferies sees USD 2,600 target

The analyst action gives MELI a fresh valuation reference after a quarter that combined rapid expansion with lower profitability. The USD 2,600 target is 39.75 percent above the USD 1,860.61 Nasdaq quote cited in the analyst report, but that foreign-currency comparison is separate from the euro reference price.

MarketBeat reported on September 30, 2026, that 12 of 18 covering firms rated the stock Buy and six rated it Hold, with an average 12-month target of USD 2,283.12. That consensus target is 37.25 percent above the same USD 1,860.61 reference, showing that Jefferies sits above the broader analyst average.

Revenue grows as margins tighten

MercadoLibre's second-quarter 2026 revenue reached USD 10.17 billion, up 49.80 percent from the year-ago quarter, while earnings per share came to USD 9.19 against consensus of USD 8.65, according to MarketBeat. The revenue comparison matters because it marks the first quarter above USD 10 billion.

Operating profit was USD 683.0 million in the second quarter of 2026, equal to a 6.70 percent operating margin. The margin was 12.20 percent in the second quarter of 2025, a decline of 550 basis points as MercadoLibre continued investing in shipping, credit and customer growth.

Mercado Libre describes its business as a Latin American commerce and fintech ecosystem, combining its marketplace with Mercado Pago payments and financial services, according to its investor relations site. The result is a growth profile that remains powerful, while the lower margin makes operating leverage the key issue for the next report.

Stock remains below its yearly high

PrimeXBT reported on October 5, 2026, that MercadoLibre stock traded at USD 1,846.85 during the US session as Brazilian election results lifted regional equities. The same report placed the 52-week high at USD 2,428.00 and described the rally alongside shrinking gross margin and rising credit exposure.

Finance data put MercadoLibre's market capitalization at USD 94.3 billion as of October 5, 2026, with a USD 1,495.00 to USD 2,428.00 52-week range. At the latest Nasdaq quote of USD 1,860.61, the stock remained 23.36 percent below that high, leaving earnings execution and margin recovery as the main valuation tests.

EUR 1,664.50 in trading

MercadoLibre was trading at EUR 1,664.50 at Lang & Schwarz on October 6, 2026 at 1:14 p.m. CEST, up 0.35 percent versus the prior close of EUR 1,658.70 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of MercadoLibre stock.