MercadoLibre Stock Dips After Q3 Earnings Miss – Can Brazil Deal Ignite a Rally?
Key Facts: - Share Price: MELI trades around $2,290, about 20% up year-to-datets2.tech; market cap ≈$115–116Bnasdaq.com. - Q3 Results: Revenue ~$7.41B beat estimatesinvesting.com, but net income $421M fell short of forecastsreuters.com. - New Deals: In late Oct., MercadoLibre struck a partnership to sell Brazilian retailer Casas Bahia’s appliances on its platform from Nov. 2025ts2.tech. The company also entered Brazil’s online pharmacy market via a drugstore acquisitionreuters.com. - Analyst Views: Wall Street is largely bullish – 15 of 17 rate MELI a Buymarketbeat.com. 12-month consensus target ~ $2,800marketbeat.com. Benchmark and Wedbush reaffirmed Buynasdaq.comts2.tech. - Macro & Market Trends: Brazil’s inflation and 15% interest rate remain highreuters.com, while Argentina faces ~32% inflationreuters.com and currency swings. Latin America e-commerce is booming, but local economic volatility pressures short-term demandts2.techreuters.com.
