{"id":6486,"date":"2026-08-26T12:05:49","date_gmt":"2026-08-26T10:05:49","guid":{"rendered":"https:\/\/mumak.me\/?p=6486"},"modified":"2026-09-03T19:08:12","modified_gmt":"2026-09-03T17:08:12","slug":"valuation-analysis-mercadolibre-inc","status":"publish","type":"post","link":"https:\/\/mumak.me\/en\/research-insights\/valuation-analysis\/valuation-analysis-mercadolibre-inc\/","title":{"rendered":"Valuation analysis: MercadoLibre"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6486\" class=\"elementor elementor-6486 elementor-6485\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ab0bcff e-flex e-con-boxed e-con e-parent\" data-id=\"ab0bcff\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d8d77df elementor-widget elementor-widget-mumak_score_card\" data-id=\"d8d77df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mumak_score_card.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"mumak-score-card is-detail\" data-view=\"overall\" style=\"--mumak-mammoth-mask: url(&quot;https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Mammut-Clean-2.svg&quot;);\">\n\t\t\t\t\t\t\t\t\t<div class=\"mumak-score-card__detail mumak-score-card__detail--overall\">\n\t\t\t<div class=\"mumak-score-card__detail-compass-wrap\">\n\t\t\t\t<img decoding=\"async\" class=\"mumak-score-card__detail-compass\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Compass-Circle.svg\" alt=\"\" aria-hidden=\"true\">\n\t\t\t<\/div>\n\t\t\t<div class=\"mumak-score-card__detail-content\">\n\t\t\t\t<h4 class=\"mumak-score-card__company\">MercadoLibre, Inc.<\/h4>\n\t\t\t\t<div class=\"mumak-score-card__detail-mammoths\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"mumak-score-card__detail-result\">\n\t\t\t\t\tAnalysis result: 5 out of 5 MUMAKS\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cecee3 elementor-widget elementor-widget-text-editor\" data-id=\"7cecee3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"0\" data-end=\"95\"><strong data-start=\"0\" data-end=\"95\">MercadoLibre remains one of Latin America\u2019s leading e-commerce and FinTech companies.<\/strong><\/p><p data-start=\"97\" data-end=\"285\">The company combines e-commerce, digital payments, logistics, advertising, and lending in an integrated ecosystem. The key markets are Brazil, Mexico, and Argentina.<\/p><p data-start=\"287\" data-end=\"581\">The growth story remains strong. In the second quarter of 2026, revenue rose year-on-year by <strong data-start=\"388\" data-end=\"414\">50% to $10.2 bn<\/strong>. Both the Commerce and FinTech segments continued to post strong growth. Mercado Pago also reached <strong data-start=\"540\" data-end=\"580\">88 million monthly active users<\/strong>.<\/p><p data-start=\"583\" data-end=\"722\">The long-term outlook remains attractive. Digital commerce and digital financial services continue to expand in Latin America.<\/p><p data-start=\"724\" data-end=\"870\" data-is-last-node=\"\" data-is-only-node=\"\">However, the technical picture has weakened. Momentum has turned negative, and the stock is trading below key technical levels.<\/p><h2>Valuation<\/h2><p><span data-contrast=\"none\">This analysis evaluates MercadoLibre, Inc. in accordance with the MUMAK UMBRELLA strategy. <\/span><\/p> <p><span data-contrast=\"none\">The valuation is carried out across five decision phases: <strong>Geopolitics<\/strong>, <strong>Industry<\/strong>, <strong>Fundamentals<\/strong>, <strong>Market Sentiment<\/strong>, and <strong>Technical Analysis.<\/strong><\/span><\/p><p><span data-contrast=\"none\">The goal is not to predict the future exactly. The goal is orientation. We classify facts, show the interdependencies, and structure a transparent decision logic.<\/span><span data-ccp-props=\"{\"> <\/span><\/p><p><b><span data-contrast=\"none\">We explain \u2013 you decide.<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/p><h3>Geopolitics<\/h3><h4><strong>Classification <\/strong><\/h4> <p><span data-contrast=\"none\">The geopolitical and structural environment remains largely supportive for <\/span><b><span data-contrast=\"none\">MercadoLibre<\/span><\/b><span data-contrast=\"none\"> in the long term. The penetration of e-commerce, digital payment solutions, and access to financial services is continuously increasing across Latin America.<\/span><span data-ccp-props=\"{\"> <\/span><\/p><p><span data-contrast=\"none\">At the same time, the company operates in a region that is subject to significantly stronger economic fluctuations than developed economies. Inflation, exchange rate movements, changes in interest rate levels, and political developments remain key influencing factors for consumer spending, investments, and reported financial results.<\/span><span data-ccp-props=\"{\"> <\/span><\/p><p><span data-contrast=\"none\">While <\/span><b><span data-contrast=\"none\">Brazil<\/span><\/b><span data-contrast=\"none\"> and <\/span><b><span data-contrast=\"none\">Mexico<\/span><\/b><span data-contrast=\"none\"> continue to benefit from comparatively stable economic growth and a growing middle class, <\/span><b><span data-contrast=\"none\">Argentina<\/span><\/b><span data-contrast=\"none\"> remains confronted with high inflation, currency depreciation, and regulatory uncertainties. However, the long-term trend towards digital commerce and cashless payment systems remains intact throughout the region, and Argentina has made enormous progress in terms of economic development.<\/span><span data-ccp-props=\"{\"> <\/span><\/p><h5><b><span data-contrast=\"none\">Opportunities<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/h5><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"55\" data-list-defn-props=\"{\" data-aria-posinset=\"1\" data-aria-level=\"2\"><b><span data-contrast=\"none\">Ongoing digitalisation<\/span><\/b><span data-contrast=\"none\"> of commerce and financial services supports long-term growth.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"55\" data-list-defn-props=\"{\" data-aria-posinset=\"2\" data-aria-level=\"2\"><b><span data-contrast=\"none\">Low e-commerce and banking penetration<\/span><\/b><span data-contrast=\"none\"> offers significant expansion potential.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"55\" data-list-defn-props=\"{\" data-aria-posinset=\"3\" data-aria-level=\"2\"><b><span data-contrast=\"none\">Integrated ecosystem<\/span><\/b><span data-contrast=\"none\"> spanning marketplace, payment processing, logistics, and lending creates sustainable competitive advantages.<\/span>  <\/li><\/ul> <h5><b><span data-contrast=\"none\">Risks<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/h5><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"55\" data-list-defn-props=\"{\" data-aria-posinset=\"4\" data-aria-level=\"2\"><b><span data-contrast=\"none\">Political and regulatory changes<\/span><\/b><span data-contrast=\"none\"> can affect the payments, lending, and marketplace businesses.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"55\" data-list-defn-props=\"{\" data-aria-posinset=\"5\" data-aria-level=\"2\"><b><span data-contrast=\"none\">Currency devaluations<\/span><\/b><span data-contrast=\"none\"> can weigh on revenue and earnings growth reported in US dollars.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"55\" data-list-defn-props=\"{\" data-aria-posinset=\"6\" data-aria-level=\"2\"><b><span data-contrast=\"none\">Inflation and high interest rates<\/span><\/b><span data-contrast=\"none\"> could dampen consumer demand and increase credit risk.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul> <ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"55\" data-list-defn-props=\"{\" data-aria-posinset=\"7\" data-aria-level=\"2\"><b><span data-contrast=\"none\">Argentina<\/span><\/b><span data-contrast=\"none\"> remains particularly affected by inflation, capital controls, and hard-to-predict economic policy.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><p><span data-ccp-props=\"{}\"> <\/span><\/p><p><b><span data-contrast=\"none\">Key takeaway: <\/span><\/b>Latin America\u2019s e-commerce and FinTech industry continues to be among the region\u2019s most attractive structural growth markets. <\/p><p><strong><span class=\"TextRun SCXW65624469 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW65624469 BCX4\">MUMAK.me rating phase 1: Positive = 1 MUMAK<\/span><\/span><span class=\"EOP SCXW65624469 BCX4\" data-ccp-props=\"{}\"> <\/span><\/strong><\/p> \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c456942 elementor-widget elementor-widget-mumak_score_card\" data-id=\"c456942\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mumak_score_card.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"mumak-score-card is-detail\" data-view=\"geopolitik\" style=\"--mumak-mammoth-mask: url(&quot;https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Mammut-Clean-2.svg&quot;);\">\n\t\t\t\t\t\t\t\t\t<div class=\"mumak-score-card__detail\">\n\t\t\t<div class=\"mumak-score-card__detail-compass-wrap\">\n\t\t\t\t<img decoding=\"async\" class=\"mumak-score-card__detail-compass\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Compass-Circle.svg\" alt=\"\" aria-hidden=\"true\">\n\t\t\t<\/div>\n\t\t\t<div class=\"mumak-score-card__detail-content\">\n\t\t\t\t<h4 class=\"mumak-score-card__company\">MercadoLibre, Inc.<\/h4>\n\t\t\t\t<div class=\"mumak-score-card__detail-mammoths\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"mumak-score-card__detail-result\">\n\t\t\t\t\tRating Geopolitics: positiv\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7538b74 elementor-widget elementor-widget-text-editor\" data-id=\"7538b74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3>Industry<\/h3><h4><b><span data-contrast=\"none\">Classification<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/h4><p><b><span data-contrast=\"none\">MercadoLibre<\/span><\/b><span data-contrast=\"none\"> is excellently positioned, as the company combines <\/span><b><span data-contrast=\"none\">e-commerce, payment processing, logistics, advertising, and lending<\/span><\/b><span data-contrast=\"none\"> in a single platform. This integrated ecosystem clearly distinguishes MercadoLibre from traditional online retailers and pure FinTech providers.<\/span><span data-ccp-props=\"{\"> <\/span><\/p> <p><span data-contrast=\"none\">The company continuously expands its market position in its core markets and benefits from <\/span><b><span data-contrast=\"none\">more than 94 million active buyers<\/span><\/b><span data-contrast=\"none\">, approximately <\/span><b><span data-contrast=\"none\">72 million monthly active FinTech users<\/span><\/b><span data-contrast=\"none\">, an annualized payment volume of about <\/span><b><span data-contrast=\"none\">USD 174 billion<\/span><\/b><span data-contrast=\"none\">, and a credit portfolio of approximately <\/span><b><span data-contrast=\"none\">USD 11 billion<\/span><\/b><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{\"> <\/span><\/p><p><span data-contrast=\"none\">However, competition remains intense. <\/span><b><span data-contrast=\"none\">Amazon<\/span><\/b><span data-contrast=\"none\"> and <\/span><b><span data-contrast=\"none\">Shopee<\/span><\/b><span data-contrast=\"none\"> continue to invest heavily in the Latin American e-commerce market, while <\/span><b><span data-contrast=\"none\">Nubank<\/span><\/b><span data-contrast=\"none\">, traditional banks, and other digital financial platforms compete with <\/span><b><span data-contrast=\"none\">Mercado Pago<\/span><\/b><span data-contrast=\"none\"> in payment processing, deposit business, and the lending segment.<\/span><span data-ccp-props=\"{\"> <\/span><\/p><h5><span data-contrast=\"none\">Valuation Comparison: MercadoLibre vs. E-commerce &amp; FinTech Industry<\/span><span data-ccp-props=\"{\"> <\/span><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c843e25 elementor-widget elementor-widget-Table\" data-id=\"c843e25\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-3f3f2e0\"   >Metric <\/th><th class=\"elementor-inline-editing elementor-repeater-item-f44885d\"   >MercadoLibre<\/th><th class=\"elementor-inline-editing elementor-repeater-item-40c4b99\"   >Industry Average*<\/th><th class=\"elementor-inline-editing elementor-repeater-item-0f3a12a\"   >Rating<\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-d27b099 td-content-type-default\" ><b>P\/E 2026e<\/b><\/td><td data-label=\"MercadoLibre\"   class=\"elementor-repeater-item-08a1df6 td-content-type-default\" >52x\n<\/td><td data-label=\"Industry Average*\"   class=\"elementor-repeater-item-f11f13c td-content-type-default\" >approx. 30\u201338x<\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-9f7bfea td-content-type-default\" >Weaker<\/td><\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-e014835 td-content-type-default\" ><b>EBIT Margin <\/b><\/td><td data-label=\"MercadoLibre\"   class=\"elementor-repeater-item-96a1917 td-content-type-default\" >approx. 11% <\/td><td data-label=\"Industry Average*\"   class=\"elementor-repeater-item-360abad td-content-type-default\" >approx. 8\u201313%\n<\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-06e6ddc td-content-type-default\" >In line\n<\/td><\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-2c18166 td-content-type-default\" ><b>Net margin   <\/b><\/td><td data-label=\"MercadoLibre\"   class=\"elementor-repeater-item-d036ffc td-content-type-default\" >approx. 7% <\/td><td data-label=\"Industry Average*\"   class=\"elementor-repeater-item-4f3a785 td-content-type-default\" >approx. 5\u20138%<\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-7ed3491 td-content-type-default\" >In line<\/td><\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-02b37c4 td-content-type-default\" ><b>Revenue growth 2026e   <\/b><\/td><td data-label=\"MercadoLibre\"   class=\"elementor-repeater-item-83a4e86 td-content-type-default\" >approx. 39%<\/td><td data-label=\"Industry Average*\"   class=\"elementor-repeater-item-55ff8e5 td-content-type-default\" >approx. 10\u201318% <\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-4b39794 td-content-type-default\" >Stronger<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45a3293 elementor-widget elementor-widget-text-editor\" data-id=\"45a3293\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><em><span class=\"TextRun SCXW266780539 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW266780539 BCX4\">*The peer group includes <\/span><\/span><span class=\"TextRun SCXW266780539 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW266780539 BCX4\">Amazon, <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW266780539 BCX4\">Sea<\/span><span class=\"NormalTextRun SCXW266780539 BCX4\"> Ltd., Shopify, Block, Adyen, and Nu Holdings<\/span><\/span><span class=\"TextRun SCXW266780539 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW266780539 BCX4\">. Source: <\/span><\/span><span class=\"TextRun SCXW266780539 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW266780539 BCX4\">MarketScreener<\/span><span class=\"NormalTextRun SCXW266780539 BCX4\"> consensus estimates and market data, August 2026.<\/span><\/span><span class=\"EOP Selected SCXW266780539 BCX4\" data-ccp-props=\"{\"> <\/span><\/em><\/p><p><b><span data-contrast=\"none\">Opportunities<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"69\" data-list-defn-props=\"{\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\"> <\/span><b><span data-contrast=\"none\">Revenue growth<\/span><\/b><span data-contrast=\"none\"> is well above the industry average and is supported by the ongoing digitalisation of commerce and financial services in Latin America.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"69\" data-list-defn-props=\"{\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\"> <\/span><b><span data-contrast=\"none\">Profitability<\/span><\/b><span data-contrast=\"none\"> exceeds many peers and benefits from the integrated ecosystem spanning marketplace, logistics, payment processing, and lending.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"69\" data-list-defn-props=\"{\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Despite the <\/span><b><span data-contrast=\"none\">valuation premium<\/span><\/b><span data-contrast=\"none\">, analysts continue to expect strong earnings growth, which could therefore lead valuation multiples to decline gradually over the coming years.<\/span>  <\/li><\/ul> <p><b><span data-contrast=\"none\">Risks<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"70\" data-list-defn-props=\"{\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">The <\/span><b><span data-contrast=\"none\">high valuation<\/span><\/b><span data-contrast=\"none\">, represented by the high P\/E ratio compared to competitors, leaves only limited room for operational disappointments or a slowdown in growth.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"70\" data-list-defn-props=\"{\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Persistently high investment in logistics, technology, and the expansion of the FinTech business could weigh on operating margins in the short term.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"70\" data-list-defn-props=\"{\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Currency fluctuations<\/span><\/b><span data-contrast=\"none\"> as well as macroeconomic uncertainty in Latin America can negatively affect revenue and earnings growth reported in US dollars.<\/span><\/li><\/ul><p><b><span data-contrast=\"none\">Key takeaway: <\/span><\/b>MercadoLibre justifies its valuation premium through above-average growth, high profitability, and a unique integrated ecosystem in a generally fast-growing market in Latin America.  <\/p><p><b><span data-contrast=\"none\">MUMAK.me rating phase 2: Positive = 1 MUMAK<\/span><\/b><span data-ccp-props=\"{}\"> <\/span><\/p> \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d39eda2 elementor-widget elementor-widget-mumak_score_card\" data-id=\"d39eda2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mumak_score_card.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"mumak-score-card is-detail\" data-view=\"branche\" style=\"--mumak-mammoth-mask: url(&quot;https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Mammut-Clean-2.svg&quot;);\">\n\t\t\t\t\t\t\t\t\t<div class=\"mumak-score-card__detail\">\n\t\t\t<div class=\"mumak-score-card__detail-compass-wrap\">\n\t\t\t\t<img decoding=\"async\" class=\"mumak-score-card__detail-compass\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Compass-Circle.svg\" alt=\"\" aria-hidden=\"true\">\n\t\t\t<\/div>\n\t\t\t<div class=\"mumak-score-card__detail-content\">\n\t\t\t\t<h4 class=\"mumak-score-card__company\">MercadoLibre, Inc.<\/h4>\n\t\t\t\t<div class=\"mumak-score-card__detail-mammoths\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"mumak-score-card__detail-result\">\n\t\t\t\t\tRating Industry: positiv\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9d3a8f elementor-widget elementor-widget-text-editor\" data-id=\"e9d3a8f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><b><span data-contrast=\"none\">Fundamentals<\/span><\/b><\/h3><h4><span data-contrast=\"none\">Classification<\/span><span data-ccp-props=\"{\"> <\/span><\/h4><p><b><span data-contrast=\"none\">MercadoLibre<\/span><\/b><span data-contrast=\"none\"> continues to be one of the strongest operating companies in the global e-commerce and FinTech sector. The company has successfully evolved from a pure online marketplace into a fully integrated digital ecosystem where <\/span><b><span data-contrast=\"none\">commerce, payment processing, logistics, advertising, and consumer credit <\/span><\/b><span data-contrast=\"none\">complement and reinforce each other.<\/span><span data-ccp-props=\"{\"> <\/span><\/p> <p><span data-contrast=\"none\">Growth is driven by both the <\/span><b><span data-contrast=\"none\">commerce<\/span><\/b><span data-contrast=\"none\"> and <\/span><b><span data-contrast=\"none\">FinTech businesses<\/span><\/b><span data-contrast=\"none\"> and supports a continuous increase in revenue, profitability, and cash flow. <\/span><b><span data-contrast=\"none\">Mercado Pago<\/span><\/b><span data-contrast=\"none\"> remains the fastest-growing business segment, while <\/span><b><span data-contrast=\"none\">Mercado Cr\u00e9dito<\/span><\/b><span data-contrast=\"none\"> makes an increasingly important contribution to earnings despite disciplined risk management.<\/span><span data-ccp-props=\"{\"> <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Finanzdaten.png\" target=\"_self\" class=\"e-image-link-base\" data-interaction-id=\"00aceda\"\n\t><img fetchpriority=\"high\" decoding=\"async\" class=\"e-image-base \" data-e-type=\"widget\" data-id=\"00aceda\" id=\"6534\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Finanzdaten.png\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Finanzdaten.png 1920w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Finanzdaten-300x169.png 300w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Finanzdaten-1024x576.png 1024w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Finanzdaten-768x432.png 768w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Finanzdaten-1536x864.png 1536w\" alt=\"MELI_Financial_Data\"\/>\t<\/a>\t\t\t\t<div class=\"elementor-element elementor-element-8503501 elementor-widget elementor-widget-text-editor\" data-id=\"8503501\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5><span class=\"TextRun SCXW209827119 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW209827119 BCX4\" data-ccp-parastyle=\"heading 3\">Financial overview<\/span><\/span><span class=\"EOP Selected SCXW209827119 BCX4\" data-ccp-props=\"{\"> <\/span><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c653961 elementor-widget elementor-widget-Table\" data-id=\"c653961\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-3f3f2e0\"   >Metric<\/th><th class=\"elementor-inline-editing elementor-repeater-item-f44885d\"   >FY 2024<\/th><th class=\"elementor-inline-editing elementor-repeater-item-352e3a6\"   >FY 2025<\/th><th class=\"elementor-inline-editing elementor-repeater-item-6a62a68\"   >FY 2026e<\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-d27b099 td-content-type-default\" ><b>Revenue<\/b><\/td><td data-label=\"FY 2024\"   class=\"elementor-repeater-item-7b01ac6 td-content-type-default\" >$20.8 bn\n<\/td><td data-label=\"FY 2025\"   class=\"elementor-repeater-item-0d8d716 td-content-type-default\" >$24.6 bn \n<\/td><td data-label=\"FY 2026e\"   class=\"elementor-repeater-item-c078351 td-content-type-default\" >approx. $31 bn \n<\/td><\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-a7f4f99 td-content-type-default\" ><b>Net income <\/b><\/td><td data-label=\"FY 2024\"   class=\"elementor-repeater-item-08a1df6 td-content-type-default\" >USD 1.91 billion\n<\/td><td data-label=\"FY 2025\"   class=\"elementor-repeater-item-d48229c td-content-type-default\" >USD 1.97 billion\n<\/td><td data-label=\"FY 2026e\"   class=\"elementor-repeater-item-9d4efad td-content-type-default\" >approx. USD 2 billion \n<\/td><\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-e014835 td-content-type-default\" ><b>EBITDA margin  <\/b><\/td><td data-label=\"FY 2024\"   class=\"elementor-repeater-item-96a1917 td-content-type-default\" >approx. 18%\n<\/td><td data-label=\"FY 2025\"   class=\"elementor-repeater-item-695fa5c td-content-type-default\" >approx. 19%\n<\/td><td data-label=\"FY 2026e\"   class=\"elementor-repeater-item-39c50e8 td-content-type-default\" >approx. 20%\n<\/td><\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-2c18166 td-content-type-default\" ><b>Diluted EPS<\/b><\/td><td data-label=\"FY 2024\"   class=\"elementor-repeater-item-d036ffc td-content-type-default\" >$39.08 <\/td><td data-label=\"FY 2025\"   class=\"elementor-repeater-item-8aaf376 td-content-type-default\" >$53.18 <\/td><td data-label=\"FY 2026e\"   class=\"elementor-repeater-item-09f9207 td-content-type-default\" >approx. $77<\/td><\/tr><tr><td data-label=\"Metric\"   class=\"elementor-repeater-item-02b37c4 td-content-type-default\" ><b>Free cash flow  <\/b><\/td><td data-label=\"FY 2024\"   class=\"elementor-repeater-item-83a4e86 td-content-type-default\" >approx. $3.2 bn<\/td><td data-label=\"FY 2025\"   class=\"elementor-repeater-item-1d6fe27 td-content-type-default\" >approx. $4.0 bn<\/td><td data-label=\"FY 2026e\"   class=\"elementor-repeater-item-c27853a td-content-type-default\" >approx. $5 bn <\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7013132 elementor-widget elementor-widget-text-editor\" data-id=\"7013132\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5><span class=\"TextRun SCXW224114150 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW224114150 BCX4\" data-ccp-parastyle=\"heading 3\">Outlook 2026<\/span><\/span><span class=\"EOP Selected SCXW224114150 BCX4\" data-ccp-props=\"{\"> <\/span><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Voraussichtliche-Gewinn-und-Verlustrechnung.png\" target=\"_self\" class=\"e-image-link-base\" data-interaction-id=\"0766464\"\n\t><img decoding=\"async\" class=\"e-image-base \" data-e-type=\"widget\" data-id=\"0766464\" id=\"6522\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Voraussichtliche-Gewinn-und-Verlustrechnung.png\" width=\"1310\" height=\"853\" srcset=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Voraussichtliche-Gewinn-und-Verlustrechnung.png 1310w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Voraussichtliche-Gewinn-und-Verlustrechnung-300x195.png 300w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Voraussichtliche-Gewinn-und-Verlustrechnung-1024x667.png 1024w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/07\/MELI_Voraussichtliche-Gewinn-und-Verlustrechnung-768x500.png 768w\" alt=\"MELI_ProjectedIncomeStatement\"\/>\t<\/a>\t\t\t\t<div class=\"elementor-element elementor-element-e23bcd0 elementor-widget elementor-widget-text-editor\" data-id=\"e23bcd0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><em><span class=\"TextRun SCXW109855165 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW109855165 BCX4\">Source: <\/span><span class=\"NormalTextRun SCXW109855165 BCX4\">MarketScreener<\/span><span class=\"NormalTextRun SCXW109855165 BCX4\">, July 2026.<\/span><\/span><span class=\"EOP Selected SCXW109855165 BCX4\" data-ccp-props=\"{\"> <\/span><\/em><\/p><p><b><span data-contrast=\"none\">Opportunities<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"34\" data-list-defn-props=\"{\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Revenue growth<\/span><\/b><span data-contrast=\"none\"> remains elevated thanks to the strong performance in the Commerce and FinTech businesses.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul> <ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"34\" data-list-defn-props=\"{\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Mercado Pago<\/span><\/b><span data-contrast=\"none\"> benefits from the increasing adoption of digital payment and financial services. <\/span><b><span data-contrast=\"none\">Mercado Cr\u00e9dito<\/span><\/b><span data-contrast=\"none\"> continues to expand its lending business while pursuing disciplined credit-risk management.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"34\" data-list-defn-props=\"{\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Strong outlook <\/span><\/b><span data-contrast=\"none\">fuels upside optionality.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><p><b><span data-contrast=\"none\">Risks<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/p> <ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"34\" data-list-defn-props=\"{\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Strong international competitors such as Amazon &amp; Co. <\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"34\" data-list-defn-props=\"{\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"none\">Highly complex business model with different business lines. <\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"34\" data-list-defn-props=\"{\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Brazil and Mexico<\/span><\/b><span data-contrast=\"none\"> remain the key growth markets, while <\/span><b><span data-contrast=\"none\">Argentina<\/span><\/b><span data-contrast=\"none\"> continues to suffer from a challenging macroeconomic environment.<\/span><span data-ccp-props=\"{\"> <\/span><\/li><\/ul><p><b><span data-contrast=\"none\">Key takeaway: <\/span><\/b>The company\u2019s growth and outlook continue to appear elevated.  <\/p> <p><b><span data-contrast=\"none\">MUMAK.me Assessment Phase 3: Positive = 1 MUMAK<\/span><\/b><span data-ccp-props=\"{\"> <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93009a0 elementor-widget elementor-widget-mumak_score_card\" data-id=\"93009a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mumak_score_card.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"mumak-score-card is-detail\" data-view=\"fundamentals\" style=\"--mumak-mammoth-mask: url(&quot;https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Mammut-Clean-2.svg&quot;);\">\n\t\t\t\t\t\t\t\t\t<div class=\"mumak-score-card__detail\">\n\t\t\t<div class=\"mumak-score-card__detail-compass-wrap\">\n\t\t\t\t<img decoding=\"async\" class=\"mumak-score-card__detail-compass\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Compass-Circle.svg\" alt=\"\" aria-hidden=\"true\">\n\t\t\t<\/div>\n\t\t\t<div class=\"mumak-score-card__detail-content\">\n\t\t\t\t<h4 class=\"mumak-score-card__company\">MercadoLibre, Inc.<\/h4>\n\t\t\t\t<div class=\"mumak-score-card__detail-mammoths\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"mumak-score-card__detail-result\">\n\t\t\t\t\tRating Fundamentals: positiv\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c15ab35 elementor-widget elementor-widget-text-editor\" data-id=\"c15ab35\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3>News, analysts, and market sentiment<\/h3><h4>Classification<\/h4><p><span class=\"TextRun SCXW111060985 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW111060985 BCX4\">Market sentiment towards <\/span><\/span><span class=\"TextRun SCXW111060985 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111060985 BCX4\">MercadoLibre<\/span><\/span><span class=\"TextRun SCXW111060985 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW111060985 BCX4\"> remains positive after another series of strong quarterly results. The company continues to be considered one of the highest-quality growth companies in South America. This assessment is supported by the increasing adoption of e-commerce, the dynamic growth of <\/span><\/span><span class=\"TextRun SCXW111060985 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW111060985 BCX4\">Mercado Pago<\/span><\/span><span class=\"TextRun SCXW111060985 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW111060985 BCX4\">, and the continuous improvement in profitability.<\/span><\/span><span class=\"EOP Selected SCXW111060985 BCX4\" data-ccp-props=\"{\"> <\/span><\/p><h4><span class=\"TextRun SCXW29215678 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW29215678 BCX4\" data-ccp-parastyle=\"heading 3\">Analyst consensus<\/span><\/span><span class=\"EOP Selected SCXW29215678 BCX4\" data-ccp-props=\"{\"> <\/span><\/h4> \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3193062 elementor-widget elementor-widget-Table\" data-id=\"3193062\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-3f3f2e0\"   ><\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<td data-label=\"\"   class=\"elementor-repeater-item-12cb466 td-content-type-default\" ><b>Average Recommendation<\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-e2f92fe td-content-type-default\" ><b>BUY<\/b>\n<\/td><\/tr><tr><td data-label=\"\"   class=\"elementor-repeater-item-e050aa7 td-content-type-default\" ><b>Number of Analysts <\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-f98ac57 td-content-type-default\" >24<\/td><\/tr><tr><td data-label=\"\"   class=\"elementor-repeater-item-bba0bf7 td-content-type-default\" ><b>Average Price Target<\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-35f1c12 td-content-type-default\" >approx. USD 2,257\n<\/td><\/tr><tr><td data-label=\"\"   class=\"elementor-repeater-item-e9b18d8 td-content-type-default\" ><b>Upside to Average Target<\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-19a0849 td-content-type-default\" >approx. +22%<\/td><\/tr><tr><td data-label=\"\"   class=\"elementor-repeater-item-91165f8 td-content-type-default\" ><b>Highest Price Target<\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-8833fb8 td-content-type-default\" >USD 2,800\n<\/td><\/tr><tr><td data-label=\"\"   class=\"elementor-repeater-item-85848b8 td-content-type-default\" ><b>Lowest Price Target<\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-da32a54 td-content-type-default\" >USD 1,750\n<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d8310e elementor-widget elementor-widget-text-editor\" data-id=\"6d8310e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><i><span data-contrast=\"none\">Source: MarketScreener consensus estimates, August 2026.<\/span><\/i><span data-ccp-props=\"{\"> <\/span><\/p><h5><span data-contrast=\"none\">I<\/span><span data-contrast=\"none\">nteresting fact<\/span><span data-ccp-props=\"{\"> <\/span><\/h5><p><b><span data-contrast=\"none\">Mercado Pago<\/span><\/b><span data-contrast=\"none\"> has long since evolved from a pure payment function for the online marketplace into one of Latin America\u2019s largest digital financial ecosystems. Today, the offering includes, among other things, <\/span><b><span data-contrast=\"none\">digital wallets, payment processing, investment solutions, insurance, and consumer financing<\/span><\/b><span data-contrast=\"none\">, reaching millions of users across the region.<\/span><span data-ccp-props=\"{\"> <\/span><\/p> <h5 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"jcz0dm\" data-start=\"189\" data-end=\"204\"><span role=\"text\"><strong data-start=\"193\" data-end=\"204\">Opportunities<\/strong><\/span><\/h5><ul data-start=\"206\" data-end=\"699\"><li data-section-id=\"uihij2\" data-start=\"206\" data-end=\"336\"><strong data-start=\"208\" data-end=\"249\">Strong analyst support:<\/strong> Most analysts continue to rate the stock as <strong data-start=\"305\" data-end=\"315\">BUY<\/strong>.<\/li><li data-section-id=\"1lqj517\" data-start=\"337\" data-end=\"427\"><strong data-start=\"339\" data-end=\"369\">Diversified growth:<\/strong> E-commerce, FinTech, advertising, and logistics continue to grow.<\/li><li data-section-id=\"c4q4wv\" data-start=\"428\" data-end=\"580\"><strong data-start=\"430\" data-end=\"471\">Long-term operating leverage:<\/strong> Current investments support growth and could improve profitability over the long term.<\/li><li data-section-id=\"hahabu\" data-start=\"581\" data-end=\"699\"><strong data-start=\"583\" data-end=\"605\">Strong ecosystem:<\/strong> MercadoLibre connects e-commerce, payment services, lending, and logistics on one platform.<\/li><\/ul><h5 data-section-id=\"3w2smf\" data-start=\"701\" data-end=\"716\"><span role=\"text\"><strong data-start=\"705\" data-end=\"716\">Risks<\/strong><\/span><\/h5><ul data-start=\"718\" data-end=\"1124\"><li data-section-id=\"y5cdf8\" data-start=\"718\" data-end=\"821\"><strong data-start=\"720\" data-end=\"746\">High market expectations:<\/strong> The valuation leaves only limited room for disappointing results.<\/li><li data-section-id=\"2yiq7n\" data-start=\"822\" data-end=\"900\"><strong data-start=\"824\" data-end=\"840\">Margin pressure:<\/strong> High investment weighs on profitability in the short term.<\/li><li data-section-id=\"zd8hjp\" data-start=\"901\" data-end=\"1015\"><strong data-start=\"903\" data-end=\"920\">Credit risk:<\/strong> A weaker economic backdrop could lead to higher losses at Mercado Cr\u00e9dito.<\/li><li data-section-id=\"18zwld4\" data-start=\"1016\" data-end=\"1124\"><strong data-start=\"1018\" data-end=\"1041\">Intense competition:<\/strong> Amazon, Shopee, and regional FinTech companies continue to compete for customers.<\/li><\/ul><p data-section-id=\"g8o8sj\" data-start=\"1126\" data-end=\"1145\"><span role=\"text\"><strong data-start=\"1130\" data-end=\"1145\">Key takeaway: <\/strong><\/span>Analysts remain positive on MercadoLibre. The consensus is BUY, and further upside is expected.<\/p><p><b><span data-contrast=\"none\">MUMAK.me rating phase 4: Positive = 1 MUMAK<\/span><\/b><span data-ccp-props=\"{}\"> <\/span><\/p> \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d15661 elementor-widget elementor-widget-mumak_score_card\" data-id=\"6d15661\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mumak_score_card.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"mumak-score-card is-detail\" data-view=\"sentiment\" style=\"--mumak-mammoth-mask: url(&quot;https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Mammut-Clean-2.svg&quot;);\">\n\t\t\t\t\t\t\t\t\t<div class=\"mumak-score-card__detail\">\n\t\t\t<div class=\"mumak-score-card__detail-compass-wrap\">\n\t\t\t\t<img decoding=\"async\" class=\"mumak-score-card__detail-compass\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Compass-Circle.svg\" alt=\"\" aria-hidden=\"true\">\n\t\t\t<\/div>\n\t\t\t<div class=\"mumak-score-card__detail-content\">\n\t\t\t\t<h4 class=\"mumak-score-card__company\">MercadoLibre, Inc.<\/h4>\n\t\t\t\t<div class=\"mumak-score-card__detail-mammoths\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-default\"><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"mumak-score-card__detail-result\">\n\t\t\t\t\tRating Sentiment: positiv\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c81523 elementor-widget elementor-widget-text-editor\" data-id=\"1c81523\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3>Technical Analysis (08\/26\/2026)<\/h3><h4>Classification<\/h4><p class=\"isSelectedEnd\">MercadoLibre shares have recovered significantly from the May low of around <strong>EUR 1,547<\/strong>. Following a period of consolidation, the price has recently gained significant ground, overcoming the previous resistance at approximately <strong>EUR 1,940<\/strong>.<\/p><p class=\"isSelectedEnd\">Currently trading at around <strong>EUR 1,997<\/strong>, the stock is now approaching the key resistance area around <strong>EUR 2,009<\/strong> as well as the long-term downward trendline.<\/p><p>Put simply, the technical picture has improved significantly. RSI and MACD show positive momentum, while the price is currently reaching the upper Bollinger Band. In the short term, however, the stock is encountering a technically important resistance zone.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98b8108 elementor-widget elementor-widget-Table\" data-id=\"98b8108\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-3f3f2e0\"   ><\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<td data-label=\"\"   class=\"elementor-repeater-item-12cb466 td-content-type-default\" ><b>Indicator <\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-e2f92fe td-content-type-default\" ><b>Assessment<\/b>\n<\/td><td data-label=\"\"   class=\"elementor-repeater-item-b7ba19d td-content-type-default\" ><b>Interpretation <\/b>\n<\/td><\/tr><tr><td data-label=\"\"   class=\"elementor-repeater-item-e050aa7 td-content-type-default\" ><b>RSI (14)  <\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-f98ac57 td-content-type-default\" ><b>Positive <\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-9400ee6 td-content-type-default\" >At around 65; momentum has improved significantly without yet reaching the overbought territory above 70.<\/td><\/tr><tr><td data-label=\"\"   class=\"elementor-repeater-item-bba0bf7 td-content-type-default\" ><b>MACD<\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-b918f55 td-content-type-default\" ><b>Positive <\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-647b2e2 td-content-type-default\" >The MACD line is above the signal line, while the positive histogram has recently begun to increase again.<\/td><\/tr><tr><td data-label=\"\"   class=\"elementor-repeater-item-e9b18d8 td-content-type-default\" ><b>Bollinger Bands <\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-6b03fc9 td-content-type-default\" ><b>Positive <\/b><\/td><td data-label=\"\"   class=\"elementor-repeater-item-9bcb995 td-content-type-default\" >The price is trading significantly above the middle band and is currently in the area of, or slightly above, the upper band.<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-518f416 elementor-widget elementor-widget-text-editor\" data-id=\"518f416\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5><span class=\"TextRun SCXW195081715 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW195081715 BCX4\" data-ccp-parastyle=\"heading 2\">Performance over recent weeks\/months<\/span><\/span><span class=\"EOP Selected SCXW195081715 BCX4\" data-ccp-props=\"{\"> (as of August 26, 2026)<\/span><\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<a href=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/MELI-1-Tag-scaled.png\" target=\"_self\" class=\"e-image-link-base\" data-interaction-id=\"1d329ce\"\n\t><img decoding=\"async\" class=\"e-image-base \" data-e-type=\"widget\" data-id=\"1d329ce\" id=\"8613\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/MELI-1-day-1-scaled.png\" width=\"2560\" height=\"1649\" srcset=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/MELI-1-day-1-scaled.png 2560w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/MELI-1-day-1-300x193.png 300w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/MELI-1-day-1-1024x660.png 1024w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/MELI-1-day-1-768x495.png 768w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/MELI-1-day-1-1536x989.png 1536w, https:\/\/mumak.me\/wp-content\/uploads\/2026\/08\/MELI-1-day-1-2048x1319.png 2048w\" alt=\"\"\/>\t<\/a>\t\t\t\t<div class=\"elementor-element elementor-element-8039a02 elementor-widget elementor-widget-text-editor\" data-id=\"8039a02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"1n1rzre\" data-start=\"827\" data-end=\"839\">RSI (14)<\/h5><p class=\"isSelectedEnd\"><strong>Positive<\/strong><\/p><ul data-spread=\"false\"><li><strong>RSI at around 65:<\/strong> Momentum has recently improved significantly.<\/li><li><strong>Upward movement:<\/strong> The RSI has clearly risen again from the neutral zone.<\/li><li><strong>Not yet overbought:<\/strong> At around 65, the indicator remains below the key 70 level.<\/li><\/ul><p class=\"isSelectedEnd\"><strong>Interpretation<\/strong><\/p><p>The RSI currently shows increasing buying pressure. Momentum is positive, but is approaching a range where short-term profit-taking becomes more likely.<\/p><h5 data-section-id=\"erk14i\" data-start=\"1261\" data-end=\"1279\">MACD (12\/26\/9)<\/h5><p class=\"isSelectedEnd\"><strong>Positive<\/strong><\/p><ul data-spread=\"false\"><li><strong>Bullish Crossover:<\/strong> The MACD line is back above the signal line.<\/li><li><strong>Positive MACD:<\/strong> It appears to be turning positive again.<\/li><li><strong>Increasing Momentum:<\/strong> Recent developments suggest rising buying pressure.<\/li><\/ul><p class=\"isSelectedEnd\"><strong>Interpretation<\/strong><\/p><p>The MACD is currently providing a positive short-term signal and confirms the recent upward movement.<\/p><h5 data-section-id=\"1v8de4p\" data-start=\"1551\" data-end=\"1576\">Bollinger Bands (20)<\/h5><p class=\"isSelectedEnd\"><strong>Positive<\/strong><\/p><ul data-spread=\"false\"><li><strong>Middle Band:<\/strong> The middle Bollinger Band is at approximately <strong>EUR 1,876<\/strong>.<\/li><li><strong>Price significantly above:<\/strong> The stock is trading clearly above the middle band.<\/li><li><strong>Upper Bollinger Band:<\/strong> The price has moved up to or slightly above the upper band at just under <strong>EUR 2,000<\/strong>.<\/li><\/ul><p class=\"isSelectedEnd\"><strong>Interpretation<\/strong><\/p><p>The Bollinger Bands confirm the current strong momentum. At the same time, the movement at the upper band shows that the stock is already significantly extended in the short term, increasing the likelihood of a consolidation.<\/p><h5>Opportunities<\/h5><ul data-spread=\"false\"><li><strong>Resistance at EUR 1,940 overcome:<\/strong> The breakout improves the short-term technical picture.<\/li><li><strong>Positive Momentum:<\/strong> RSI and MACD currently show increasing buying pressure.<\/li><li><strong>Breakout above EUR 2,009:<\/strong> A sustained rise above this resistance and the descending trendline could open up further upside potential toward <strong>EUR 2,137<\/strong>.<\/li><\/ul><h5>Risks<\/h5><ul data-spread=\"false\"><li><strong>Key Resistance Area:<\/strong> Horizontal resistance and the descending trendline converge at around <strong>EUR 2,000\u20132,010<\/strong>.<\/li><li><strong>Upper Bollinger Band:<\/strong> The stock is already significantly extended in the short term and is therefore more vulnerable to profit-taking.<\/li><li><strong>RSI approaching 70:<\/strong> Momentum is positive, but the risk of short-term overheating increases as prices continue to rise.<\/li><\/ul><p><strong>Key Takeaway:<\/strong> MercadoLibre&#8217;s technical picture has improved significantly. RSI and MACD confirm the positive momentum, while the breakout above EUR 1,940 provides an additional technical signal. However, the stock could now reach a decisive resistance level in the EUR 2,000\u20132,010 range.<\/p><p><strong><span class=\"TextRun SCXW128807953 BCX4\" lang=\"DE-AT\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW128807953 BCX4\">MUMAK.me Assessment Phase 5: Positive = 1 MUMAK<\/span><\/span><span class=\"EOP Selected SCXW128807953 BCX4\" data-ccp-props=\"{}\"> <\/span><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22a34f7 elementor-widget elementor-widget-mumak_score_card\" data-id=\"22a34f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mumak_score_card.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"mumak-score-card is-detail\" data-view=\"charttechnik\" style=\"--mumak-mammoth-mask: url(&quot;https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Mammut-Clean-2.svg&quot;);\">\n\t\t\t\t\t\t\t\t\t<div class=\"mumak-score-card__detail\">\n\t\t\t<div class=\"mumak-score-card__detail-compass-wrap\">\n\t\t\t\t<img decoding=\"async\" class=\"mumak-score-card__detail-compass\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Compass-Circle.svg\" alt=\"\" aria-hidden=\"true\">\n\t\t\t<\/div>\n\t\t\t<div class=\"mumak-score-card__detail-content\">\n\t\t\t\t<h4 class=\"mumak-score-card__company\">MercadoLibre, Inc.<\/h4>\n\t\t\t\t<div class=\"mumak-score-card__detail-mammoths\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-inactive-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"mumak-score-card__detail-result\">\n\t\t\t\t\tRating Technical Analysis: positiv\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afade06 elementor-widget elementor-widget-text-editor\" data-id=\"afade06\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5 class=\"PDq2pG_selectionAnchorContainer\" data-section-id=\"12y594g\" data-start=\"0\" data-end=\"37\"><span role=\"text\"><strong data-start=\"4\" data-end=\"37\">What speaks in favour of MercadoLibre?<\/strong><\/span><\/h5><ul data-start=\"39\" data-end=\"571\"><li data-section-id=\"1hzdkie\" data-start=\"39\" data-end=\"139\"><strong data-start=\"41\" data-end=\"68\">Strong revenue growth:<\/strong> Revenue rose in Q2 2026 by <strong data-start=\"113\" data-end=\"139\">50% to $10.2 bn<\/strong>.<\/li><li data-section-id=\"n18if0\" data-start=\"140\" data-end=\"258\"><strong data-start=\"142\" data-end=\"169\">Leading market position:<\/strong> MercadoLibre is one of Latin America\u2019s leading e-commerce and FinTech companies.<\/li><li data-section-id=\"mn1bag\" data-start=\"259\" data-end=\"376\"><strong data-start=\"261\" data-end=\"283\">Strong ecosystem:<\/strong> The company connects e-commerce, payment services, logistics, advertising, and lending.<\/li><li data-section-id=\"1wohoks\" data-start=\"377\" data-end=\"474\"><strong data-start=\"379\" data-end=\"409\">Growth at Mercado Pago:<\/strong> Mercado Pago reached <strong data-start=\"433\" data-end=\"473\">88 million monthly active users<\/strong>.<\/li><li data-section-id=\"nt0924\" data-start=\"475\" data-end=\"571\"><strong data-start=\"477\" data-end=\"504\">Long-term growth:<\/strong> E-commerce and digital payments continue to grow in Latin America.<\/li><\/ul><h5 data-section-id=\"1y9ltti\" data-start=\"573\" data-end=\"612\"><span role=\"text\"><strong data-start=\"577\" data-end=\"612\">What speaks against MercadoLibre?<\/strong><\/span><\/h5><ul data-start=\"614\" data-end=\"1084\"><li data-section-id=\"dlqw4\" data-start=\"795\" data-end=\"901\"><strong data-start=\"797\" data-end=\"820\">High investment:<\/strong> MercadoLibre is investing heavily to support future growth.<\/li><li data-section-id=\"4tz9dw\" data-start=\"902\" data-end=\"981\"><strong data-start=\"904\" data-end=\"920\">Margin pressure:<\/strong> Higher investment can weigh on margins in the short term.<\/li><li data-section-id=\"j15m85\" data-start=\"982\" data-end=\"1084\"><strong data-start=\"984\" data-end=\"1011\">Regional dependence:<\/strong> The company is highly dependent on Latin American markets.<\/li><\/ul><h5 data-section-id=\"ob5ek0\" data-start=\"1086\" data-end=\"1112\"><span role=\"text\"><strong data-start=\"1090\" data-end=\"1112\">What we are watching<\/strong><\/span><\/h5><ul data-start=\"1114\" data-end=\"1500\" data-is-last-node=\"\" data-is-only-node=\"\"><li data-section-id=\"494my\" data-start=\"1114\" data-end=\"1209\"><strong data-start=\"1116\" data-end=\"1139\">Technical signals:<\/strong> We continue to monitor developments in the chart picture across RSI, MACD, and the Bollinger Bands.<\/li><li data-section-id=\"405k9q\" data-start=\"1210\" data-end=\"1292\"><strong data-start=\"1212\" data-end=\"1223\">Margins:<\/strong> Profitability should remain strong despite higher investment.<\/li><li data-section-id=\"1c3dvqy\" data-start=\"1293\" data-end=\"1376\"><strong data-start=\"1295\" data-end=\"1312\">Mercado Pago:<\/strong> User growth and payment activity remain key factors.<\/li><li data-section-id=\"162b762\" data-start=\"1377\" data-end=\"1500\" data-is-last-node=\"\"><strong data-start=\"1379\" data-end=\"1404\">Profitable growth:<\/strong> Revenue growth must be reflected in rising earnings and stronger cash flow.<\/li><\/ul><p><span data-ccp-props=\"{\"> <\/span><span data-ccp-props=\"{}\"> <\/span><\/p><h2>Summary<\/h2><p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"0\" data-end=\"96\">MercadoLibre continues to strengthen its position in the Latin American e-commerce and FinTech market.<\/p><p data-start=\"98\" data-end=\"231\">Operations remain strong. Revenue growth is high, customer activity is increasing, and Mercado Pago continues to expand.<\/p><p data-start=\"233\" data-end=\"474\">At the same time, MercadoLibre is investing heavily in <strong data-start=\"285\" data-end=\"366\">logistics, free shipping, credit cards, AI, and other growth areas<\/strong>. These investments support long-term growth; however, they can weigh on margins in the short term.<\/p><p data-start=\"476\" data-end=\"670\" data-is-last-node=\"\" data-is-only-node=\"\">The most important change in our assessment relates to the <strong data-start=\"537\" data-end=\"559\">technical analysis<\/strong>. The chart picture has weakened. <strong data-start=\"598\" data-end=\"670\" data-is-last-node=\"\">RSI, MACD, and the Bollinger Bands are currently delivering positive signals again.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a3f9ae elementor-widget elementor-widget-text-editor\" data-id=\"2a3f9ae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3>Rating According to the MUMAK Method<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0cb027 elementor-widget elementor-widget-Table\" data-id=\"e0cb027\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"Table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"tafe-table \">\n\t\t\t<thead  class=\"tafe-table-header\">\n\t\t\t\t<tr>\n\t\t\t\t\t<th class=\"elementor-inline-editing elementor-repeater-item-a4af3fd\"   >Category<\/th><th class=\"elementor-inline-editing elementor-repeater-item-3b3ef9b\"   >Rating<\/th>\t\t\t\t<\/tr>\n\t\t\t<\/thead>\n\t\t\t\t\t\t<tbody class=\"tafe-table-body\">\n\t\t\t\t<tr>\n\t\t\t\t\t<td data-label=\"Category\"   class=\"elementor-repeater-item-ca181a9 td-content-type-default\" ><b>Geopolitics<\/b><\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-24148b1 td-content-type-default\" >Positive<\/td><\/tr><tr><td data-label=\"Category\"   class=\"elementor-repeater-item-750ef14 td-content-type-default\" ><b>Industry<\/b><\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-b92892f td-content-type-default\" >Positive<\/td><\/tr><tr><td data-label=\"Category\"   class=\"elementor-repeater-item-da9ce5b td-content-type-default\" ><b>Fundamentals<\/b><\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-9492819 td-content-type-default\" >Positive<\/td><\/tr><tr><td data-label=\"Category\"   class=\"elementor-repeater-item-6f870ed td-content-type-default\" ><b>News &amp; Sentiment<\/b><\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-1c7f62f td-content-type-default\" >Positive<\/td><\/tr><tr><td data-label=\"Category\"   class=\"elementor-repeater-item-ca1b684 td-content-type-default\" ><b>Technical Analysis<\/b><\/td><td data-label=\"Rating\"   class=\"elementor-repeater-item-5f69e06 td-content-type-default\" >Positive<\/td>\t\t\t\t<\/tr>\n\t\t\t<\/tbody>\n\t\t<\/table>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11acf94 elementor-widget elementor-widget-text-editor\" data-id=\"11acf94\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3>Overall Rating<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-992b076 elementor-widget elementor-widget-mumak_score_card\" data-id=\"992b076\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mumak_score_card.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"mumak-score-card is-detail\" data-view=\"overall\" style=\"--mumak-mammoth-mask: url(&quot;https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Mammut-Clean-2.svg&quot;);\">\n\t\t\t\t\t\t\t\t\t<div class=\"mumak-score-card__detail mumak-score-card__detail--overall\">\n\t\t\t<div class=\"mumak-score-card__detail-compass-wrap\">\n\t\t\t\t<img decoding=\"async\" class=\"mumak-score-card__detail-compass\" src=\"https:\/\/mumak.me\/wp-content\/uploads\/2026\/03\/Compass-Circle.svg\" alt=\"\" aria-hidden=\"true\">\n\t\t\t<\/div>\n\t\t\t<div class=\"mumak-score-card__detail-content\">\n\t\t\t\t<h4 class=\"mumak-score-card__company\">MercadoLibre, Inc.<\/h4>\n\t\t\t\t<div class=\"mumak-score-card__detail-mammoths\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"mumak-score-card__detail-mammoth is-active-positive\"><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"mumak-score-card__detail-result\">\n\t\t\t\t\tAnalysis result: 5 out of 5 MUMAKS\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>MercadoLibre impresses with strong e-commerce and fintech growth. Analysis of valuation, fundamentals, opportunities, and risks.<\/p>\n","protected":false},"author":2,"featured_media":2318,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[183,171],"tags":[497,495,496,458],"aktie":[494],"class_list":["post-6486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-valuation-analysis","category-active","tag-latin-america","tag-mercadolibre","tag-fintech","tag-e-commerce","aktie-mercadolibre"],"acf":[],"_links":{"self":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/6486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/comments?post=6486"}],"version-history":[{"count":30,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/6486\/revisions"}],"predecessor-version":[{"id":8621,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/6486\/revisions\/8621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/media\/2318"}],"wp:attachment":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/media?parent=6486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/categories?post=6486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/tags?post=6486"},{"taxonomy":"aktie","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/aktie?post=6486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}