Several equities analysts have recently weighed in on the company. Scotiabank began coverage on MercadoLibre in a report on Monday, July 28th. They set a "sector outperform" rating and a $3,500.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on MercadoLibre from $2,700.00 to $2,600.00 and set a "neutral" rating for the company in a research report on Friday, October 3rd. Wedbush set a $2,700.00 target price on MercadoLibre and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Jefferies Financial Group restated a "hold" rating and set a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald upped their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th.