Citigroup upgrades MercadoLibre stock to Buy at USD 2,050.00

Published on 10/27/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 10.17 billion, up 49.80 percent. MercadoLibre stock costs EUR 1,529.70 on October 27, 2026, up 4.12 percent.

Citigroup changes its stance

Citigroup upgraded MercadoLibre from Neutral to Buy on October 27, 2026, with a USD 2,050.00 target.
Second-quarter revenue reached USD 10.17 billion, up 49.80 percent year over year.
MercadoLibre stock costs EUR 1,529.70 at Lang & Schwarz on October 27, 2026 at 4:13 p.m. CET, 4.12 percent above the Xetra close of October 26, 2026.
The primary Nasdaq quote stood at USD 1,705.91 at 11:26 a.m. ET on October 27, 2026.

MELI, US58733R1023, Illustration mit AI erstellt.

MercadoLibre (ISIN US58733R1023) stock was trading at EUR 1,529.70 at Lang & Schwarz on October 27, 2026 at 4:13 p.m. CET, 4.12 percent above the Xetra close of October 26, 2026 at EUR 1,469.20. MarketBeat reported that Citigroup upgraded the stock from Neutral to Buy on October 27, 2026, and set a USD 2,050.00 price target.

Citigroup turns more positive

The upgrade adds a fresh analyst signal after a volatile October session. MarketBeat said Citigroup had previously assigned a Neutral rating, while the new recommendation is Buy; the report did not state a former Citigroup price target.

The same report placed the average target at USD 2,248.75 across 18 analysts, with 13 Buy ratings and five Holds. Those figures describe the broader analyst group rather than Citigroup's individual target.

Revenue growth meets margin pressure

MercadoLibre's second-quarter revenue reached USD 10.17 billion, up 49.80 percent from the same period a year earlier. Diluted earnings per share were USD 9.19, compared with a consensus estimate of USD 8.65, according to MarketBeat.

For investors, the tension is visible in profitability. 247 Wall St reported that second-quarter operating margin contracted to 6.70 percent, while operating income fell 17.00 percent to USD 683.00 million and net income declined 11.00 percent to USD 466.00 million.

What does the target imply for valuation?

The latest Nasdaq quote was USD 1,705.91 at 11:26 a.m. ET on October 27, 2026. The stock's 52-week range was USD 1,495.00 to USD 2,428.00, while market capitalization stood at USD 86.5 billion and the price-to-earnings ratio was 46.39.

The contrast is clear: revenue expanded 49.80 percent year over year in the second quarter, but operating margin fell to 6.70 percent. Citigroup's Buy rating therefore arrives alongside a profitability question rather than a simple growth narrative.

MercadoLibre stock and the next session

MercadoLibre operates an online commerce and financial-services ecosystem across Latin America, including Mercado Pago payments and credit services. Its primary listing is on Nasdaq in the United States, while German investors are watching the euro quotation after the sharp move above the October 26 Xetra close.

MercadoLibre stock was trading at EUR 1,529.70 at Lang & Schwarz on October 27, 2026 at 4:13 p.m. CET, 4.12 percent above the Xetra close of October 26, 2026 at EUR 1,469.20. The further course of trading is shown by the continuously updated real-time quote of MercadoLibre stock.