MercadoLibre price target lowered to $2,350 from $2,400 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on MercadoLibre (MELI) to $2,350 from $2,400 and keeps an Overweight rating on the shares. Q1 eCommerce results are expected to show stable demand, with performance generally in line to slightly better than expectations, supported by steady non-store retail growth and seasonal and promotional tailwinds, the analyst tells investors in a research note. While Q2 guidance may be cautious due to macro and trade-related uncertainties, demand disruption appears limited, and ongoing AI-driven product innovation is expected to support further eCommerce adoption in coming quarters, the firm says.