Mercado Libre shares have fallen 11 percent this year, with Reddit users touting the Latin American e-commerce and payments giant as an alternative to the SpaceX IPO frenzy. The company reported first-quarter 2026 revenue growth of 49 percent year-over-year, led by 54 percent growth in Brazil, and reached 84 million active marketplace users and 82.9 million monthly payment users. However, profitability declined in the quarter due to heavy investments in Brazil and rising oil prices from the Middle East conflict. Bulls point to secular growth catalysts, including a digital payments market projected to grow from 114 billion dollars in 2024 to 361 billion dollars by 2030, and Latin American e-commerce reaching 261 billion dollars by 2028. If margins recover to 10 to 12 percent, the stock could reach 2,691 dollars per share, a 61 percent upside from June 2026 levels.
MercadoLibre Inc.Profitability declined due to heavy Brazil investments and rising oil prices, causing stock to fall 11% YTD.
