Cantor Fitzgerald Keeps Overweight Rating on MercadoLibre (MELI)

MercadoLibre, Inc. (NASDAQ:MELI) is one of the 10 Best Stocks for 5 Years (Long-Term Stock Portfolio). On August 5, Cantor Fitzgerald maintained its Overweight rating on MercadoLibre, Inc. (NASDAQ:MELI) with a price target of $2,700.

This decision came after the company reported Q2 2025 results, which surpassed the firm’s expectations.

MercadoLibre, Inc.’s (NASDAQ:MELI) revenue and EBIT for Q2 2025 exceeded Cantor Fitzgerald’s estimates by 9% and 5%. The company saw total Gross Merchandise Volume (GMV) increase 37% compared to the same period last year, excluding foreign exchange effects. This growth was driven by strong performance across different regions and changes to the shipping program made in June.

In the Brazilian market, MercadoLibre, Inc. (NASDAQ:MELI) reported faster growth in both the number of units sold and GMV after the company lowered its free shipping threshold. In the fintech segment, the growth in acquiring Total Payment Volume (TPV) was more than 50% year-over-year on an FX-neutral basis. The credit portfolio also reached 91% growth year-over-year.

Cantor Fitzgerald increased its estimates for MercadoLibre, Inc.’s (NASDAQ:MELI) GMV and TPV for 2026 by 4% and 5%, respectively.

MercadoLibre, Inc. (NASDAQ:MELI) is the leading e-commerce and financial technology company in Latin America, with a presence in 18 countries.

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Disclosure: None. This article is originally published at Insider Monkey.