Andrew R. Ruben, an analyst from Morgan Stanley, maintained the Buy rating on Mercadolibre. The associated price target remains the same with $2,850.00.
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Andrew R. Ruben has given his Buy rating due to a combination of factors that highlight Mercadolibre’s strategic advancements and growth potential. The recent investor meetings and the Sao Paulo MELI Experience event have reinforced confidence in the company’s multifaceted growth trajectory, particularly in Brazil. The event showcased the company’s focus on enhancing platform features and addressing seller pain points, which is expected to drive further engagement and adoption.
Moreover, Mercadolibre’s logistics network expansion, including the use of automation and AI tools, is set to optimize operations and improve delivery efficiencies. These developments, alongside the company’s efforts in affiliate marketing and B2B channels, are anticipated to increase demand and offset near-term margin pressures. The platform enhancements and total addressable market expansion underscore a strong long-term growth outlook, supporting the +38% compound annual growth rate projection for earnings per share by 2026.
According to TipRanks, R. Ruben is ranked #1669 out of 10012 analysts.
In another report released on September 24, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $2,900.00 price target.