Mercado Libre

MercadoLibre shares plunged after Luiz Inácio Lula da Silva’s election victory in Brazil as investors sold stocks with high Brazil exposure. Citi upgraded the stock from "Neutral" to "Buy" and slightly lowered its price target from $2,100 to $2,050, implying roughly 20% upside. Analyst João Pedro Soares cites persistently above-average growth versus local consumer markets and the dampening effect of higher interest rates on new competitors. Citi’s projections for 2027/2028 remain below the market consensus; for 2027 the bank expects an EBIT margin of about 7%. MercadoLibre generates around half of its revenue in Brazil; third-quarter results will be released on November 4. » Altro su deraktionaer.de

The lead of conservative Senator Flávio Bolsonaro in the first round gives political tailwinds to Brazil’s fintech sector, with MercadoLibre seen as a clear beneficiary. Mercado Pago now has 88 million users and a payments volume of USD 101 billion, developing into an independent financial giant. Investor reactions are driving the stock sharply; investors are watching the runoff on the 25th and possible implications for the business model. » Altro su finanzen.net

MercadoLibre announced a dollar bond issuance maturing in 2036 with an initial spread of around 160 basis points; proceeds will be used for general corporate purposes. The news pushed the stock down about 2.6% intraday, as investors interpreted the offering as a sign of rising indebtedness, especially after margins recently fell despite strong revenue growth in Q2 2026. The bond carries the lowest investment-grade rating (BBB-/Baa3) and is being led by a large banking syndicate; the stock is trading well below its 52-week high. » Altro su de.investing.com