Jefferies reiterates Buy for MercadoLibre stock at USD 2,600 target
Published on 10/12/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Jefferies reiterated a Buy rating and a USD 2,600 price target for MercadoLibre on October 5, 2026.
- Second-quarter 2026 revenue reached USD 10.17 billion, up 49.80 percent year over year, while earnings per share came to USD 9.19.
- MercadoLibre stock was trading at EUR 1,690.80 at Lang & Schwarz on October 12, 2026 at 11:47 a.m. CEST.
- The next reported results date is November 4, 2026, according to MarketBeat.
MercadoLibre stock (ISIN US58733R1023) was trading at EUR 1,690.80 at Lang & Schwarz on October 12, 2026 at 11:47 a.m. CEST. Jefferies reiterated a Buy rating and a USD 2,600 price target on October 5, 2026, according to Investing.com. The recommendation keeps the analyst debate centered on growth investments versus near-term margins.
Three dated signals shape the stock
MercadoLibre reported second-quarter 2026 earnings on August 6, 2026, with earnings per share of USD 9.19 and revenue of USD 10.17 billion, according to MarketBeat. Revenue increased 49.80 percent from the same period a year earlier, while earnings per share were below the USD 10.31 recorded in the prior-year quarter.
On October 5, 2026, Jefferies kept its Buy rating and USD 2,600 target, while the company entered a further phase of investment in commerce, payments and credit. On October 9, 2026, Avity Investment Management reported an 11.60 percent increase in its MercadoLibre position, buying 1,434 shares and reaching 13,822 shares valued at USD 23.9 million, as MarketBeat reported.
What does the margin tradeoff mean
The second-quarter 2026 operating margin was 6.70 percent, down 550 basis points year over year, while income from operations reached USD 683 million, according to the Yahoo Finance transcript. The same quarter also produced a USD 214 million adjusted free cash flow contribution, giving the investment cycle a measurable funding base.
The credit portfolio reached USD 16.4 billion in the second quarter of 2026, up 75.00 percent year over year. That growth supports the ecosystem strategy, but the margin data show why analysts are weighing scale and profitability together rather than treating revenue growth as the only performance measure.
November results set the next marker
MarketBeat lists November 4, 2026, as MercadoLibre's next earnings date. The upcoming report will give investors a fresh comparison for revenue growth, earnings per share and operating margin after the second-quarter combination of USD 10.17 billion in revenue and a 6.70 percent operating margin.
At Lang & Schwarz, MercadoLibre stock was trading at EUR 1,690.80 on October 12, 2026 at 11:47 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of MercadoLibre stock.
MercadoLibre stock facts
- Company: MercadoLibre, Inc.
- ISIN: US58733R1023
- Ticker: MELI
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 12, 2026 at 11:47 a.m. CEST: EUR 1,690.80
- Market capitalization: USD 95.8 billion as of October 9, 2026
- 52-week range: USD 1,495.00-2,428.00 as of October 9, 2026
- Sector / Industry: Consumer Discretionary / Internet Retail
Market context: Market report S&P 500.
