MercadoLibre shares fall 10% YTD as analysts project 55% upside

MercadoLibre (MELI) declined 10.68% year‑to‑date, trading around US$1,799 per share. A Scotiabank analyst expects the stock to climb 55%, setting a price target of US$2,800 despite recent pressure on operating margins and a 20% drop in Q1 operating profit.

Institutional investor PBCay One RSC Ltd raised its holding by 136.9% to 38,692 shares, representing about 5% of the fund’s portfolio and 0.08% of MercadoLibre. Hedge funds now own roughly 87.6% of the stock. Other analysts have adjusted targets, cutting price objectives to between US$1,900 and US$2,800 and shifting ratings from strong sell to hold or buy, reflecting mixed sentiment on the company’s growth prospects.