New Street Research starts coverage of MercadoLibre stock at USD 2,450.00

Published on 10/01/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 49.76 percent to USD 10.17 billion in the second quarter. MercadoLibre stock is EUR 1,530.50 on October 1, 2026 versus EUR 1,527.60.

MELI, US58733R1023, Illustration mit AI erstellt.

MercadoLibre (ISIN US58733R1023) was trading at EUR 1,530.50 at Lang & Schwarz on October 1, 2026 at 11:12 a.m. CEST. According to MarketBeat on October 1, 2026, New Street Research began coverage with a Buy rating and a USD 2,450.00 price target.

USD 2,450.00 target meets fast growth

The target sits alongside a strong second-quarter operating picture. Zacks reported that revenue reached USD 10.17 billion in the second quarter of 2026, up 49.76 percent year over year and 4.07 percent above its USD 9.78 billion consensus estimate.

The comparison was also visible in earnings per share. MercadoLibre reported USD 9.19 for the second quarter, exceeding the USD 8.69 consensus estimate by 5.75 percent, while the result declined 10.86 percent from USD 10.31 in the year-earlier quarter, according to Zacks.

Credit expansion tests profitability

Growth is becoming more capital intensive. MercadoLibre's second-quarter net income was USD 466.00 million, while the net profit margin was 5.00 percent, based on the latest standardized financial figures for the quarter ended June 30, 2026.

The balance between expansion and returns matters because the company is scaling both commerce and financial services. The latest results show that revenue momentum can remain rapid even as earnings growth trails sales growth.

Debt strengthens liquidity but adds cost

On September 9, 2026, MercadoLibre raised USD 1 billion through senior unsecured notes due 2036, with a 5.850 percent coupon, as Reuters reported. The proceeds are intended for general corporate purposes, giving the group additional liquidity while increasing financing obligations.

MELI trades at EUR 1,530.50

MercadoLibre was trading at EUR 1,530.50 at Lang & Schwarz on October 1, 2026 at 11:12 a.m. CEST, up 0.19 percent versus the prior close of EUR 1,527.60 on September 30, 2026. The primary listing is on Nasdaq in USD, where the 52-week range was USD 1,495.00 to USD 2,428.00 as of September 30, 2026.

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