Raymond James lowered the firm’s price target on MercadoLibre (MELI) to $2,000 from $2,250 and keeps a Strong Buy rating on the shares. GMV of $19.0B, TPV of $87.2B and total revenue of $8.8B all beat Street estimates, notes the analyst, who raised the firm’s 2026, 2027 and 2028 revenue estimates following the quarterly report. However, the firm lowered its 2026-2028 EBIT estimates, reflecting a heightened investment cycle.
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