MercadoLibre Inc. (NASDAQ:MELI), the leading e-commerce platform in Latin America, saw its stock climb to an all-time peak of $2,645.22, reflecting its dominant position in the region’s rapidly expanding digital economy. The company now boasts a market cap of $132.5 billion and maintains strong gross profit margins around 52%. Over the last 12 months, MercadoLibre’s shares have surged more than 63%, fueled by an impressive 37.7% increase in revenue year-over-year and growing investor enthusiasm for its expanding e-commerce and fintech operations.
This milestone highlights the company’s success in capitalizing on rising demand for online shopping and digital payment services across Latin America. Continuous innovation and strategic investments have helped MercadoLibre strengthen its market leadership and attract significant attention from global investors.
In recent corporate developments, shareholders gave the green light to all agenda items at the Annual Meeting of Stockholders, including the re-election of several board members and the approval of Pistrelli, Henry Martin y Asociados S.A. as the independent auditors for 2025. The meeting featured strong engagement, with more than 44 million shares represented.
On the analyst front, Cantor Fitzgerald trimmed its price target for MercadoLibre from $2,900 to $2,700, citing higher shipping costs and a 7% cut in projected EBIT for fiscal 2026, but kept an Overweight rating, signaling continued confidence in the stock. BofA Securities maintained their Buy rating with a $3,000 price target, noting adjustments to shipping policies in Brazil balanced by potential gains in shipping efficiency. Jefferies downgraded MercadoLibre to Hold despite raising their price target to $2,800, highlighting better long-term profitability and cash flow outlooks. UBS raised its price target to $3,000 from $2,500, citing strong Q1 2025 results and favorable market conditions in Argentina.
Meanwhile, MercadoLibre’s fintech division, Mercado Pago, is making strategic advances by seeking a banking license in Argentina, aiming to expand its financial services footprint across the region.