MercadoLibre stock hits all-time high at $2645.22

MercadoLibre (NASDAQ:MELI) Inc. stock reached an all-time high of $2645.22, marking a significant milestone for the Latin American e-commerce giant. With a market capitalization of $132.5 billion and impressive gross profit margins of 52%, the company’s stock has experienced a 63.71% increase over the past year. This performance reflects robust growth, evidenced by 37.68% year-over-year revenue growth, and strong investor confidence in its expanding digital commerce and fintech services across the region. This surge underscores MercadoLibre’s strong market position and the growing demand for online shopping and digital payment solutions in Latin America. The company’s strategic investments and innovations continue to bolster its stock performance, attracting attention from global investors. According to InvestingPro, the company maintains a "GREAT" financial health score, with 18 additional exclusive insights available for subscribers seeking deeper analysis of this prominent player in the Broadline Retail industry.

In other recent news, MercadoLibre announced that shareholders approved all proposals at the company’s Annual Meeting of Stockholders, including the election of several directors and the ratification of Pistrelli, Henry Martin y Asociados S.A. as the independent registered public accounting firm for 2025. The meeting saw significant participation, with over 44 million shares represented. Cantor Fitzgerald analysts lowered their price target for MercadoLibre to $2,700 from $2,900, citing changes in shipping costs and a 7% reduction in fiscal year 2026 EBIT estimates. Despite this, the firm maintained an Overweight rating, suggesting potential opportunities for investors. BofA Securities reaffirmed their Buy rating and maintained a $3,000 price target, noting the impact of shipping policy adjustments in Brazil and potential offsets from improved shipping density. Jefferies downgraded MercadoLibre from Buy to Hold, even as they raised the price target to $2,800, pointing to improved long-term profitability and cash flow projections. Meanwhile, UBS increased their price target to $3,000 from $2,500, highlighting strong first-quarter 2025 results and favorable conditions in Argentina. The company’s fintech arm, Mercado Pago, is also making strategic moves by applying for a banking license in Argentina.

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