BTIG Rates MercadoLibre (MELI) Buy, $2,150 Price Target

By TradeTexts Research Desk Oct 27, 2026, 8:18 AM EDT

Key Points

MercadoLibre's stock closed at $1,668.72 on October 26, 2026, and recently traded around the same price.
BTIG's $2,150 price target implies 28.84% upside from MercadoLibre, Inc.'s ($MELI) current $1,668.72 share price.
The company reported trailing twelve-month revenue of about $35.2 billion and has a P/E ratio of 45.4.
Analysts currently have a consensus price target of $2,273.86 for MercadoLibre, indicating room for growth.

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On October 27, 2026, BTIG reiterated its Buy rating on MercadoLibre, Inc. (MELI) with a price target of $2,150. This target remains unchanged from prior estimates. The note comes as the stock trades at approximately $1,668.72, which is about equal to its closing price on October 26, 2026.

MELI MercadoLibre, Inc.

$1,668.72 -15.45% year to date

Daily close · Oct 26, 2026

Analyst rating track record

BTIG vs. the S&P 500

YTD return +0.47% hypothetical

All-time return +0.47% S&P 500 +2.18%

vs. S&P 500 -1.71% behind the index

Hypothetical returns from BTIG's disclosed trades, not real profit or advice. How we model this.

BTIG's Call on MercadoLibre

BTIG's rating reflects confidence in MercadoLibre's business model and growth potential. The firm believes the company's strong revenue growth and market position support a favorable outlook. The stock is currently trading below its target, suggesting potential upside for investors.

Other Institutional Activity in MercadoLibre

Several other institutional investors have recently adjusted their positions in MercadoLibre. Capital International Investors increased its stake by 135,882 shares, bringing its total to 1,873,498 shares valued at approximately $3.13 billion. In contrast, BAILLIE GIFFORD & CO reduced its holdings by 192,693 shares, ending with 3,040,410 shares worth about $5.07 billion. Eagle Capital Management LLC also grew its stake significantly by 621,034 shares, totaling 1,406,953 shares valued at around $2.35 billion.

MercadoLibre, Inc. Stock Down 7.8%

MercadoLibre shares recently traded around $1,668.72, which is below its 50-day moving average of $1,855.81 and its 200-day moving average of $1,822.65. The stock is also about 31.3% below its 52-week high of $2,428.00, but it remains above its 52-week low of $1,495.00. This positioning indicates the stock has room for recovery in the market.

12-month forecast

$MELI price target

MercadoLibre, Inc. daily closes and this analyst's $2,150 target. Not advice.

Recent Earnings

MercadoLibre reported trailing twelve-month revenue of approximately $35.2 billion, reflecting a year-over-year growth rate of 49.8%. The company's net margin is 5.3%, and it has a return on equity of 27.5%. The next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at MercadoLibre, Inc.

Insider activity at MercadoLibre includes several notable transactions. On February 27, 2026, Officer Marcelo Melamud bought 57 shares at an average price of $1,755.77, totaling about $100,079. Earlier, on December 12, 2025, Director Henrique Vasoncelos Dubugras sold 845 shares at $2,028.14, worth approximately $1.71 million. There have been other insider purchases as well, indicating some level of confidence in the company's future performance.

Analysts Set New Price Targets

On October 27, 2026, BTIG reiterated its Buy rating on MercadoLibre with a price target of $2,150. Prior to this, Susquehanna maintained a Positive rating with a target of $2,500, while Cantor Fitzgerald kept an Overweight rating with a target of $2,200. Currently, the consensus price target among analysts stands at $2,273.86, reflecting a positive outlook for the stock.

About MercadoLibre

MercadoLibre, Inc. operates online commerce platforms across Latin America, including Brazil, Mexico, and Argentina. The company runs Mercado Libre Marketplace and Mercado Pago, providing extensive e-commerce and financial technology services. This broad reach positions MercadoLibre well for continued growth in the region.

Bottom Line

Investors should watch for MercadoLibre's upcoming earnings report on November 4, 2026, as well as any further updates from analysts. With its current trading position and the reiterated Buy rating from BTIG, the stock remains on the radar for potential growth in the coming months.