Quick Read – Scotiabank’s Maya targets $2,800 on MELI, implying 55% upside, as 20 of 24 analysts stay Buy despite a severe Q1 margin collapse. – Sea and Nu Holdings fell 18% and 13% year to date, both pressured by the same credit-provision surge hitting LatAm fintech stocks. -…
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MercadoLibre (NASDAQ:MELI) trades at $1,799.21 against a Wall Street consensus target of $2,214.88, an implied gap of roughly 23%. Scotiabank’s Hector Maya carries a Sector Outperform rating and $2,800 Street-high target on the stock, which implies roughly 55% upside, well above the 40% threshold that flags an outlier call. MercadoLibre runs Latin America’s dominant e-commerce and fintech ecosystem, pairing the Mercado Libre marketplace with Mercado Pago payments, Mercado Envios logistics, advertising, and a fast-scaling credit card book.
The stock sits on a bruised Q1 2026 print that has the market debating temporary land grab versus structural damage. Margins Collapsed and the Market Reacted Violently Revenue hit $8.85 billion, up 49% year-over-year and beating the $8.32 billion consensus, but operating income fell 20% to $611 million, operating margin compressed roughly 600 basis points to 6.9%, and adjusted free cash flow flipped negative at -$56 million. Shares dropped 15.8% in the first week after the print.