Cantor Fitzgerald Cuts MercadoLibre (MELI) Price Target to $2,200

Cantor Fitzgerald has maintained its Overweight rating on MercadoLibre, lowering its price target to $2200, a 20.95% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:02 PM EDT

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Cantor Fitzgerald cut its price target on MercadoLibre, Inc. ($MELI) to $2,200 from $2,300 on October 12, 2026, and rates the stock "Overweight".

Since the rating, $MELI is down 3.1% to date (from the $1,892.44 close on Oct 12, 2026).

MELI MercadoLibre, Inc.

$1,834 -7.08% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Cantor Fitzgerald reiterated its Overweight rating on MercadoLibre, lowering its price target from $2300 to $2200.
Cantor Fitzgerald's $2,200 price target implies 20.95% upside from MercadoLibre, Inc.'s ($MELI) current $1,819.01 share price.
The stock recently traded at $1819.01, which is about 19.9% below the mean price target of $2270.01 from analysts.
MercadoLibre has a market cap of approximately $94.1 billion and reported a revenue growth of 49.8% year-over-year.

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On October 12, 2026, Cantor Fitzgerald reiterated its Overweight rating on MercadoLibre, Inc. (MELI) with a new price target of $2200. This is a decrease from their previous target of $2300. The firm believes the stock remains attractive despite the adjustment.

Other Institutional Activity in MercadoLibre

Capital Research Global Investors grew its holdings by 420,887 shares, ending with 3,138,040 shares worth about $5.76 billion. Meanwhile, Capital International Investors added 135,882 shares, bringing its total to 1,873,498 shares valued at approximately $3.44 billion. On the other hand, Baillie Gifford & Co reduced its stake by 192,693 shares to 3,040,410 shares, worth about $5.58 billion. Additionally, Capital World Investors cut its position by 420,657 shares, ending with 1,773,692 shares valued at around $3.25 billion.

MercadoLibre, Inc. Stock Down 1.1%

MercadoLibre shares recently traded around $1819.01, which is about 2.2% below its 50-day moving average of $1859.90 and 0.7% below its 200-day average of $1832.53. The stock is also about 25.1% below its 52-week high of $2428.00, but it is 21.7% above its 52-week low of $1495.00. This context shows that the stock is currently in a relatively low position compared to its recent highs and averages.

12-month forecast

$MELI price target

MercadoLibre, Inc. daily closes and this analyst's $2,200 target. Not advice.

Recent Earnings

MercadoLibre reported trailing twelve-month revenue of approximately $35.18 billion, reflecting a year-over-year growth rate of 49.8%. The company has an earnings per share (EPS) of $36.77. Its next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at MercadoLibre, Inc.

Insider activity includes Marcelo Melamud, an officer, who bought 124 shares at an average price of $1604.62 on June 11, 2026, totaling about $200,000. Another insider, Alejandro Nicolas Aguzin, a director, bought 600 shares on May 22, 2026, valued at approximately $993,556. On the other hand, Director Henrique Vasoncelos Dubugras sold 845 shares for about $1.71 million on December 12, 2025.

Analysts Set New Price Targets

On October 12, 2026, Cantor Fitzgerald maintained its Overweight rating on MercadoLibre with a price target of $2200, down from $2300. Other firms also have varying targets, with JP Morgan maintaining a Neutral rating and a target of $2150, while Susquehanna has a Positive rating with a target of $2500. The consensus among analysts is a buy rating with a mean price target of $2270.01 from 26 opinions.

About MercadoLibre

MercadoLibre, Inc. operates e-commerce platforms across Latin America, including Brazil, Mexico, and Argentina. It provides a marketplace for consumers and merchants to buy and sell goods, along with Mercado Pago, which offers financial technology services. This reiteration from Cantor Fitzgerald comes as the company continues to show strong growth in its revenue.

Bottom Line

Investors will be watching MercadoLibre closely as it approaches its next earnings report on November 4, 2026. The adjusted price target from Cantor Fitzgerald highlights the firm's cautious optimism amid a fluctuating market.