MELI stock: Jefferies keeps USD 2,600.00 target for MercadoLibre stock

Published on 10/21/2026 at 17:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 revenue rose 49.80 percent to USD 10.17 billion. MercadoLibre stock costs EUR 1,671.50 on October 21, 2026 at 5:50 p.m. CEST.

Analyst target and quarterly scale

Jefferies analyst Alexander Wright reiterated a Buy rating and set a USD 2,600.00 target on October 18, 2026.
Second-quarter 2026 revenue reached USD 10.17 billion, up 49.80 percent year over year.
MercadoLibre stock costs EUR 1,671.50 at Lang & Schwarz on October 21, 2026 at 5:50 p.m. CEST.
The next earnings announcement is scheduled for November 4, 2026.

MELI, US58733R1023, Illustration mit AI erstellt.

MercadoLibre (ISIN US58733R1023) remains supported by a fresh analyst target after Jefferies analyst Alexander Wright reiterated a Buy rating and set a USD 2,600.00 target on October 18, 2026, according to Markets Insider. Against the Nasdaq quote of USD 1,873.57 on October 21, 2026 at 11:56 a.m. ET, that target is 38.77 percent above the price. At Lang & Schwarz, MercadoLibre was trading at EUR 1,671.50 on October 21, 2026 at 5:50 p.m. CEST.

Revenue reached USD 10.17 billion

MercadoLibre's second-quarter 2026 net revenue reached USD 10.17 billion, an increase of 49.80 percent from the same period a year earlier. The figure marked the company's first quarter above USD 10.00 billion, according to the Q2 earnings-call transcript carried by Yahoo Finance.

What matters after the 6.70 percent margin?

Operating income was USD 683.00 million in the second quarter of 2026, while the operating margin was 6.70 percent. The margin was 12.20 percent in the year-earlier quarter, a decline of 5.50 percentage points as management continued prioritizing engagement, growth and scale.

Stock valuation and price position

The Nasdaq quote placed MercadoLibre at a market capitalization of USD 95.0 billion on October 21, 2026. Its price-to-earnings ratio was 50.99, while the 52-week range ran from USD 1,495.00 to USD 2,428.00, putting the stock 25.32 percent above its low and 22.84 percent below its high.

The valuation remains tied to operating growth rather than dividend income, with the quoted dividend yield at 0.00 percent. Trading volume was 97,461 shares at 11:56 a.m. ET on October 21, 2026.

November 4 earnings date

The next scheduled corporate date is MercadoLibre's third-quarter 2026 earnings announcement on November 4, 2026, listed by Yahoo Finance. The calendar lists a consensus earnings-per-share estimate of USD 9.34 for that report.

Price and investor perspective

The immediate balance is clear: Jefferies sees USD 2,600.00, while the latest quarterly figures combine 49.80 percent revenue growth with a 6.70 percent operating margin. For investors, the November report will provide the next dated test of whether scale can translate into stronger profitability.

MercadoLibre was trading at EUR 1,671.50 at Lang & Schwarz on October 21, 2026 at 5:50 p.m. CEST.

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