Jefferies keeps USD 2,600 target for MercadoLibre stock

Published on 10/09/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Earnings per share topped consensus by USD 0.54 at USD 9.19. MercadoLibre stock costs EUR 1,661.70 on October 9, 2026 versus EUR 1,655.80.

Key points in brief

Jefferies maintained a Buy rating and a USD 2,600 price target on October 5, 2026.
Second-quarter revenue reached USD 10.17 billion, up 49.80 percent year over year.
MercadoLibre stock was trading at EUR 1,661.70 at Lang & Schwarz on October 9, 2026.
The stock's primary listing is Nasdaq, with a USD 94.1 billion market capitalization as of October 8, 2026.

MELI, US58733R1023, Illustration mit AI erstellt.

MercadoLibre (ISIN US58733R1023) stock was trading at EUR 1,661.70 at Lang & Schwarz on October 9, 2026 at 3:18 p.m. CEST, up 0.36 percent versus the EUR 1,655.80 prior close. On October 5, 2026, Investing.com reported that Jefferies maintained a Buy rating and a USD 2,600 price target for MercadoLibre.

Three dated signals shape the story

On August 5, 2026, MercadoLibre reported second-quarter revenue of USD 10.17 billion and earnings per share of USD 9.19, according to MarketBeat.

On September 10, 2026, the company issued USD 1.00 billion of 5.850 percent senior unsecured notes due in 2036, as MarketScreener reported.

On October 5, 2026, Jefferies kept its Buy rating and USD 2,600 target, the latest of the three dated developments, according to Investing.com.

What does the target mean?

Jefferies' USD 2,600 target puts valuation and execution ahead of the modest October 9 euro-session move. The latest quarterly evidence provides the growth case: revenue rose 49.80 percent year over year to USD 10.17 billion in the second quarter, while operating margin narrowed to 6.70 percent, according to 247WallSt. The contrast is concrete: sales growth remained near 50.00 percent, but the margin was 6.70 percent.

Next dates for MELI

MarketBeat lists November 4, 2026, as MercadoLibre's next estimated earnings date and December 31, 2026, as its fiscal year end, while the latest reported quarter ended June 30, 2026. The upcoming report will test whether revenue growth can support profitability after the second-quarter margin compression.

Nasdaq listing and euro quote

MercadoLibre is listed on Nasdaq under ticker MELI. The primary-market quote was USD 1,856.66 on October 8, 2026 at 4:00 p.m. ET, with a USD 94.1 billion market capitalization and a 52-week range of USD 1,495.00 to USD 2,428.00. The further course of trading is shown by the continuously updated real-time quote of MercadoLibre stock.