MELI · NASDAQ · STOCK
MercadoLibre (MELI) Stock Analysis
$1,889.35
52W $1495.00 – $2428.00
59/100
$95.81B
51.4
1.31
Is MELI Bullish or Bearish?
Mixed.
Innellis AI committee rates MercadoLibre Inc. (MELI) Watch with a composite score of 59/100
, based on 5 analysts with 60% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +1.10 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -18.90 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is news sentiment is positive (+0.27 across 56 articles, 14d). The main limiting factor is sector concentration is already high (hhi 2796.97). The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- ROE of 26.5% shows genuine earnings power backing the valuation — Value
- Revenue growing 46.0% YoY -- genuine top-line momentum — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
- News sentiment is positive (+0.27 across 56 articles, 14d) — News
Bear Case
- P/E of 50.8 is expensive by classic value standards — Value
- Price-to-book of 15.1x prices in significant intangible value — Value
- EPS declining -9.2% YoY despite any revenue growth — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
59/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 33%
of 178 Consumer Cyclical peers
Value Analyst
neutral
42
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 26.5% shows genuine earnings power backing the valuation
− P/E of 50.8 is expensive by classic value standards
Growth Analyst
bullish
63
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 46.0% YoY -- genuine top-line momentum
− EPS declining -9.2% YoY despite any revenue growth
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
66
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.27 across 56 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 57.4 to 58.9.
- New bearish signals: 1 appeared.
- Bullish support removed: 2 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Technical Analyst: score 53->58 (+5).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
66.7
Neutral
MACD Histogram
17.466
Bullish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Hh Hl
Support
$1761.18
Resistance
$1902.13
Bollinger %B
0.83
Inside Bands
Price vs Moving Averages
EMA 9
$1,827.20
Above
EMA 21
$1,822.69
Above
EMA 50
$1,831.92
Above
EMA 200
$1,867.90
Above
Fundamental Analysis
Valuation
33
Growth
46
Profitability
57
Financial Health
34
Cash Flow
70
Valuation
P/E Ratio
51.4×
P/B Ratio
12.23×
PEG Ratio
-5.55
Dividend Yield
0.00%
52W High
$2428.00
52W Low
$1495.00
Quality & Growth
ROE
2959.4%
ROA
468.0%
Gross Margin
4267.5%
Operating Margin
826.3%
Revenue Growth YoY
—
Debt / Equity
1.68
AI Fundamental Assessment
P/E ratio of 51.4 (rich relative to a 15-40x range); Price-to-book of 12.2x; PEG ratio of -5.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 29.6%; Return on assets of 4.7%; Net margin of 5.3%; Gross margin of 42.7%; Current ratio of 1.12 (tight short-term liquidity); Debt-to-equity of 1.68; Free cash flow per share is positive (231.73); Most recent quarter beat estimates by 4.1%; EPS growth accelerating (-25.4% -> +11.7% QoQ); Average YoY EPS growth of -10.9%; Analyst estimates falling over recent quarters
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