Citigroup Cuts MercadoLibre (MELI) Price Target to $2,050

By TradeTexts Research Desk Oct 27, 2026, 5:17 PM EDT

Key Points

Citigroup upgraded MercadoLibre's rating to Buy on October 27, 2026, with a new price target of $2050, down from $2100.
Citigroup's $2,050 price target implies 21.88% upside from MercadoLibre, Inc.'s ($MELI) current $1,681.95 share price.
As of October 27, 2026, MercadoLibre traded recently around $1681.95, which is about 0.8% above its closing price of $1668.72 on October 26.
The average price target from analysts stands at $2273.86, indicating the stock is currently below this mean target.

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On October 27, 2026, Citigroup raised its rating on MercadoLibre, Inc. (MELI) to Buy and set a price target of $2050, down from the previous target of $2100. This change reflects Citigroup's updated outlook on the company's performance in the consumer cyclical sector, particularly in internet retail.

MELI MercadoLibre, Inc.

$1,668.72 -15.45% year to date

Daily close · Oct 26, 2026

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -0.65% hypothetical

All-time return -0.65% S&P 500 +1.59%

vs. S&P 500 -2.24% behind the index

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

Other Institutional Activity in MercadoLibre

Capital International Investors increased its holdings in MercadoLibre by 135,882 shares, bringing its total to 1,873,498 shares worth about $3.1 billion. Meanwhile, Eagle Capital Management LLC grew its stake by 621,034 shares, ending with 1,406,953 shares valued at approximately $2.3 billion. However, Alta Capital Management LLC reduced its holdings by 2,549 shares, leading to a total of 15,198 shares valued at about $26.3 million. Other funds, such as Baillie Gifford & Co and Schroder Investment Management Group, also made adjustments to their positions.

MercadoLibre, Inc. Stock Down 7.1%

As of October 27, 2026, MercadoLibre traded recently around $1681.95, which is about 0.8% above its closing price of $1668.72 on October 26. The stock is currently below its 50-day moving average of $1855.81 and its 200-day average of $1822.65. Furthermore, it is about 30.7% below its 52-week high of $2428, but 12.5% above its 52-week low of $1495.

12-month forecast

$MELI price target

MercadoLibre, Inc. daily closes and this analyst's $2,050 target. Not advice.

Recent Earnings

MercadoLibre reported trailing twelve-month revenue of approximately $35.2 billion, reflecting a year-over-year revenue growth of 49.8%. The company's net margin stands at 5.3%, while its return on equity (ROE) is at 27.5%. The next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at MercadoLibre, Inc.

Henrique Vasoncelos Dubugras, a Director, sold 845 shares on December 12, 2025, at an average price of $2028.14, totaling about $1.7 million. Officer Marcelo Melamud bought 57 shares on February 27, 2026, for $100,079, and later purchased another 124 shares on June 11, 2026, for $200,000 at an average price of $1604.62. Alejandro Nicolas Aguzin, another Director, bought 600 shares on May 22, 2026, totaling about $993,556.

Analysts Set New Price Targets

On October 27, 2026, Citigroup upgraded its rating on MercadoLibre to Buy with a price target of $2050. Other firms maintained their ratings, such as Susquehanna, which has a Positive rating and a target of $2500, and Cantor Fitzgerald, which has an Overweight rating with a target of $2200.

About MercadoLibre

MercadoLibre, Inc. operates online commerce platforms primarily in Latin America, including Brazil, Mexico, and Argentina. Its services include Mercado Libre Marketplace for e-commerce and Mercado Pago for financial technology solutions. The recent upgrade by Citigroup reflects confidence in the company's growth potential in the rapidly expanding online retail market.

Bottom Line

Investors should keep an eye on MercadoLibre's upcoming earnings report on November 4, 2026, for further insights into its performance. Citigroup's upgrade to a Buy rating may signal positive sentiment about the company's future growth prospects.