New Street starts coverage of MercadoLibre stock with USD 2,450 target

Published on 10/02/2026 at 15:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 49.80 percent to USD 10.17 billion in the second quarter. MercadoLibre stock costs EUR 1,502.60 on October 2, 2026 versus EUR 1,499.60.

MELI, US58733R1023, Illustration mit AI erstellt.

MercadoLibre (ISIN US58733R1023) was trading at EUR 1,502.60 at Lang & Schwarz on October 2, 2026 at 3:00 p.m. CEST, while New Street Research began coverage with a USD 2,450.00 target in a September 23, 2026 note, according to MarketBeat. The target puts the analyst action alongside a fast-growing but lower-margin operating profile.

New Street sets a USD 2,450 target

MarketBeat said New Street Research issued a buy rating and a USD 2,450.00 target when it initiated coverage on September 23, 2026. The same report showed 12 of 18 covering firms rated the stock a buy, while six recommended holding it, producing a Moderate Buy consensus with an average 12-month target of USD 2,283.12.

Revenue growth meets margin pressure

MercadoLibre generated USD 10.17 billion of revenue in the second quarter of 2026, up 49.80 percent from the same quarter of 2025, according to MarketBeat. Quarterly earnings per share were USD 9.19 against a USD 8.65 consensus estimate, a USD 0.54 comparison advantage, while operating margin was 7.00 percent in the finance statement for the period.

The numbers show the central investor tradeoff: revenue expanded by nearly half year over year, but profit conversion remains more restrained. MercadoLibre's commerce marketplace and Mercado Pago fintech platform are growing together, making execution in credit, logistics and payments important to the next earnings cycle.

Debt adds liquidity to the growth plan

MercadoLibre raised USD 1.0 billion through senior unsecured notes due in 2036, carrying a 5.850 percent coupon, according to Reuters on September 9, 2026. The company said the proceeds were intended for general corporate purposes, giving the balance sheet additional funding capacity as it invests across commerce and financial services.

Nasdaq stock stays below its yearly high

MercadoLibre is listed on NASDAQ under ticker MELI, and its primary-exchange share price was USD 1,685.12 at the October 1, 2026 close. The USD 1,495.00 to USD 2,428.00 52-week range places that quote USD 742.88 below the high, while the Lang & Schwarz euro quote provides the reference for German investors.

At Lang & Schwarz, the stock was trading at EUR 1,502.60 on October 2, 2026 at 3:00 p.m. CEST, plus 0.20 percent versus the EUR 1,499.60 prior close on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of MercadoLibre stock.