MELI research calls — MercadoLibre, Inc.

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MELI MercadoLibre, Inc. · Consumer Cyclical

1 research call since Oct 26. Latest view: Lean bullish

Last close

$1,680.51 2026-10-27

1 week

-10.6%

1 month

-4.1%

3 months

-9.8%

1 year

-26.4%

Latest call vs SPY

-8.4% since 2026-10-23

Next earnings

2027-02-22 AMC

Price, last 12 months daily close · markers are published calls

What would change the latest view

Nov 4 report shows Brazil NPLs or charge-offs rising materially by vintage, or provision expense accelerating
Management tightens credit origination or signals a Brazil demand slowdown on the call
BRL continues sliding (e.g., another 5-10%) after the finance-minister appointment, implying the market rejects the fiscal plan
FY27 EPS consensus (~$55.70) is cut more than ~10% post-earnings — confirming the de-rating is fundamental, not multiple noise

All calls on MELI

MELI Lean bullish

Oct 26, 2026 · MercadoLibre, Inc. · edge 5/10· evidence 7/10

Mostly right direction, wrong magnitude.

Today's 8.8% decline is a Brazil macro/FX repricing, not a fundamental event — no filing, earnings, or operational news coincided. MELI's disclosed FX sensitivity (~3-4% of revenue per 10% BRL move) is a fraction of the ~$7-8B market-cap loss at the close (~$12B at the intraday low), and Q2-26 fundamentals (revenue +50%, Brazil NPLs stable at 7.0% total / 4.6% cards, near…

Entry $1,810.15 (2026-10-23) 1m vs SPY: -8.4% so far

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