MercadoLibre stock swings as analysts split ahead of Q3 earnings
The gist
MercadoLibre shares closed at $1,662.16 on Nov 3, down 0.87%, ahead of its Q3 report.
Analyst price targets range from $2,050 to $2,500 as views split.
How it unfolded
- Jun 9, 2026MELI shares had declined 19.9% year-to-date, underperforming the broader sector's 0.2% gain, at a P/E of 32.63X versus the industry average of 21.88X.
- Jul 15, 2026MELI closed at $1,843.19, a 12.8% gain over the past month, beating the industry's 5.4% advance.
- Oct 21, 2026MELI closed at $1,854.88; over 12 months it had lost 13.4%, with short interest at 897.0 thousand shares, 1.9% of the float.