Cantor Fitzgerald Issues Pessimistic Forecast for MercadoLibre (NASDAQ:MELI) Stock Price

MercadoLibre (NASDAQ:MELI) had its price objective reduced by research analysts at Cantor Fitzgerald from $2,900.00 to $2,700.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 13.98% from the stock’s current price. Cantor Fitzgerald also issued estimates for MercadoLibre’s FY2026 earnings at $61.45 EPS.

Other analysts also recently issued research reports about the company. Benchmark downgraded MercadoLibre from a “buy” rating to a “cautious” rating in a research note on Thursday, May 1st. UBS Group set a $3,000.00 target price on MercadoLibre in a research note on Monday, June 2nd. Citigroup reaffirmed a “buy” rating on shares of MercadoLibre in a research note on Friday, June 6th. Wall Street Zen lowered MercadoLibre from a “buy” rating to a “hold” rating in a report on Friday, May 16th. Finally, Bank of America boosted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $2,632.50.

MercadoLibre Stock Down 0.8%

MELI stock opened at $2,368.82 on Wednesday. The company has a market capitalization of $120.09 billion, a P/E ratio of 62.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. MercadoLibre has a 12 month low of $1,550.00 and a 12 month high of $2,635.88. The firm’s fifty day simple moving average is $2,330.03 and its 200-day simple moving average is $2,072.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm’s revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the company earned $6.78 earnings per share. As a group, equities research analysts forecast that MercadoLibre will post 43.96 earnings per share for the current year.

Hedge Funds Weigh In On MercadoLibre

Hedge funds have recently made changes to their positions in the stock. Key Financial Inc acquired a new position in shares of MercadoLibre in the first quarter valued at approximately $25,000. GW&K Investment Management LLC purchased a new position in shares of MercadoLibre during the first quarter worth about $25,000. Close Asset Management Ltd increased its position in MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock worth $27,000 after buying an additional 11 shares during the period. Human Investing LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $26,000. Finally, Park Square Financial Group LLC acquired a new position in MercadoLibre in the fourth quarter valued at $26,000. Hedge funds and other 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.